Lime Syndicate Management Limited (Lime) has received all necessary regulatory approvals to operate as a Lloyd’s Managing Agent.  Lime was born out of a desire to provide a cost-effective, efficient and technology-led managing agency.

Lime’s first syndicate under management will be Somers 3705 which will commence underwriting on 1 January 2025 and will be focussed on delegated authority and consortium opportunities. Somers 3705 will broaden Somers’s existing distribution channels and territories, leveraging both Lloyd’s reputation as a pre-eminent global marketplace with its substantial flow of business and Somers’s integral relationship with Arch Re, a leading diversified reinsurer.

Liz Cunningham, CEO of Somers said, “We are glad to support Lime in this endeavour, and we are delighted with the opportunity that the Lloyd’s platform offers to Somers. We look forward to the growth of the Somers syndicate and broadening of our global platform via Lloyd’s”

David Reeves, CEO of Lime said, “We are delighted to have put together a strong team with a sophisticated and technologically advanced product. Our real work starts now to make Lime into a leading managing agency in the Lloyd’s market.”

9 December 2024