The Standard Club has finally removed losses from its balance sheet that were associated with its ill-fated venture into the Lloyd’s of London market.
The step comes two years after the London-based protection and indemnity insurer mutual announced its decision to put its Standard Syndicate 1884 into run-off.
In its financial report for the policy year ending February 2020, the Standard Club said it ended its involvement in Lloyd’s of London through the sale of Standard Club Corporate Name and its stake in Charles Taylor Manning Agency to Bermuda registered reinsurance company Premia.
