Lloyd's of London sees rush of 'syndicate-in-a-box' applications - CEO
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LONDON (Reuters) - Lloyd's of London has received 80 applications from firms seeking to set up cost-efficient remote syndicates, its Chief Executive John Neal told a conference on Tuesday.The British insurance market, which comprises 99 members and focuses on large commercial insurance, is offering syndicates the ability to set up without a physical presence at its City of London base, under wide-ranging plans to modernise its 330-year old business.Lloyd's said in September that reinsurance..