Syndicate 1966 is established under the innovative “Syndicate-in-a-box” (SIAB) model and managed by Asta, the leading third-party managing agent at Lloyd’s.
What We Offer
The main classes of business that the syndicate will underwrite are:
- Clinical Trial Funding Insurance
- Insurance covering the costs incurred by the biotech company in a clinical trial, which has failed to meet its primary protocol endpoints
- Costs covered include but are not limited to: CRO costs, protocol design fees and hospital/medical practitioner costs associated with design, implementation, monitoring and review of trial results
- Access to lenders and financiers of clinical trials, who consider the insurance valid security*
*MCI can refer those interested to the necessary regulated entities but cannot advise on, or negotiate financial instruments (other than the CTF insurance itself)
Security Rating
