Richard Brindle, previously an underwriter with Charman, is to start a new short-tail reinsurer on Bermuda, according to reports.
The new firm is to be called Lancashire. It is aiming to raise between $750m-$1bn and obtain a licence from the Bermuda Monetary authority in time for the 1 January 2006 renewals.
It appears the new firm is halfway to reaching its capital-raising objectives, and already has backing from established reinsurance private equity capital providers Cypress and Capital Z.
The firm will be targeting short-tail marine energy, property reinsurance and retro and wants to recruit a full underwriting team of its own, rather than acting as a quota-share partner for other established players.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
