VIBE announces closure of Accident & Health and Property D&F business units

VIBE Syndicate Management (“VIBE”), today announced the closure of its Accident & Health and Property D&F business units with immediate effect. Commenting on the announcement Joe England, Group CEO of SHC & VIBE, said “as we continue our strategic review of the VIBE business we have decided to cease underwriting new and renewal Accident & Health and Property D&F business, until such time as the market returns to a more sustainable economic footing. This decision is not taken lightly, and I would like to thank the respective teams for their professionalism and commitment in the face of difficult market conditions. We will be communicating with all customers and brokers concerned to support an orderly transition. VIBE is committed to providing underwriting solutions in classes where we can deliver long-term value to our customers and stakeholders as we implement our vision to build a leading specialty Insurance and Reinsurance business in the London market.”

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