Managing agents
Abacus Syndicates
10th Floor Fountain House
130 Fenchurch Street
London EC3M 5DJ
Tel: 020 7398 2500
Fax: 020 7398 2549
Website: www.agdore.com
Syndicate: 2525
Underwriter: David Pratt
Capacity (2006): £49.99m
Classes of business: Employers' liability; public liability; products liability
Top capital provider (2006): CBS Private Capital
Syndicate: 2526
Underwriter: Andy Dore
Capacity (2006): £31.8m
Classes of business: Professional indemnity; medical malpractice
Top capital provider (2006): CBS Private Capital
Agency background: Abacus Syndicates Ltd is the managing agent for syndicates 2525 and 2526 and was established in late 1999 commencing underwriting for the 2000 year of account. It is a specialist, niche insurer operating in the professional and employers'/general liability markets. The business is owned 100% by the Imagine Group. Abacus is authorised and regulated by the FSA.
Service company: Abacus Underwriting Agencies
Ace Global Markets
Ace Building
100 Leadenhall Street
London EC3A 3BP
Tel: 020 7173 7000
Fax: 020 7173 7800
Syndicate: 2488
Underwriter: Richard Pryce
Capacity (2006): £350m
Classes of business: Aviation; property; financial lines; marine; political risk; accident & health
Top capital provider (2005): Ace Capital
Agency background: Syndicate 2488 is managed by Ace Underwriting Agencies Ltd. Following the acquisition of the Metheun Underwriting and Ockham Worldwide agencies in 1996, Ace Ltd purchased the Tarquin group of companies and formed Ace Global Markets in 1998. Ace Global Markets is the holding company of Ace Underwriting Agencies Ltd.
Service company: N/A
Advent Underwriting
10th Floor
1 Minster Court
Mincing Lane
London EC3R 7AA
Tel: 020 7743 8200
Fax: 020 7743 8299
Website: www.adventgroup.co.uk
Syndicate: 780
Underwriter: Lloyd Tunnicliffe
Capacity (2006): £152.8m
Classes of business: Treaty property reinsurance 45%
Assumed reinsurance: 11%
Non-marine property insurance: 23%
Marine: XL 7%
Energy: 9%
Personal accident: 2%
Casualty: 3%
Agency background: Advent Underwriting Ltd has been the managing agent of Syndicate 780 since formation in 1975.
Service company: N/A
Aegis Managing Agency
3rd Floor
110 Fenchurch Street
London EC3M 5JT
Tel: 0207 265 2100
Fax: 0207 265 2101
Website: www.aegisltd.com
Syndicate: 1225
Underwriter: Philip Thorpe-Apps
Capacity (2006): £207m
Classes of business: Energy; non-marine property; marine liability; non-marine casualty; specie; war; terrorism; cargo
Agency background: Aegis Energy Syndicate 1225 was originally conceived to assist with the overall Aegis (Bermuda) strategy of developing a broad international capability. Aegis (Bermuda) is an established mutual insurance company and its members are primarily related to the utility and energy industry.
Aegis (Bermuda) is the ultimate holding company of the corporate members backing Aegis Syndicate 1225 and of the agency. The syndicate commenced underwriting for the 1999 year of account under a turnkey arrangement with Omni Whittington. Aegis Managing Agency Ltd took over the management of the syndicate in January 2001.
In September 2001 Philip Thorpe-Apps was appointed as the new director of underwriting.
Service company: N/A
Amlin Underwriting
St Helens
One Undershaft
London EC3A 8ND
Tel: 020 7746 1000
Fax: 020 7746 1122
Website: www.amlin.com
Email: info@amlin.co.uk
Syndicate: 2001
Underwriter: Tony Holt
Capacity (2006): £1bn
Classes of business: (Based on capacity allocation)
Reinsurance & non-marine 52%
Marine 15%
Aviation 12%
UK commercial 21%
Top capital provider (2006): Amlin Corporate Member Ltd
Agency background: Amlin plc is a recognised leader in the London insurance and reinsurance market, providing a global client base with risk management solutions. Amlin specialises in four business areas: aviation; marine; UK commercial; and international property, and casualty insurance and reinsurance.
A FTSE-250 quoted company, Amlin owns 100% of its £1bn capacity for 2006, which is written through Syndicate 2001. Amlin's Syndicate is rated 'A' (Excellent) by AM Best and 'A1' (Stable) by Moody's.
In November 2005, the company established Amlin Bermuda, a reinsurance business rated A- (Excellent) by AM Best and A by Standard & Poor's.
Service companies: Amlin Credit Ltd; Amlin Insurance Services Ltd; Amlin Plus Ltd; Amlin Transit; Boatinsure; Haven Knox-Johnston; St Margarets; Summit
Argenta Syndicate Management
Fountain House
30 Fenchurch Street
London EC3M 5DJ
Tel: 020 7825 7200
Fax: 020 7825 7212
Website: www.argentaplc.com
Syndicate: 2121
Underwriter: John Hyland
Capacity (2006): £90m
Classes of business: Non-marine property XL; non-marine direct & facultative; aviation; reinsurance
Top capital provider (2006): Argenta Underwriting No3
Service company: N/A
Ascot Underwriting
Plantation Place
30 Fenchurch Street
London EC3M 3BD
Tel: 020 7743 9600
Fax: 020 7743 9601
Website: www.ascotuw.com
Email: enquiries@ascotuw.com
Syndicate: 1414
Underwriter: Martin Reith
Capacity (2006): £550m
Classes of business: Energy; specie; aviation; war; property; terrorism; hull cargo XL; fine art
Top capital provider (2006): AIG
Agency background: Ascot Underwriting commenced underwriting as a new Lloyd's managing agency on
1 November 2001. American International Group (AIG) agreed to back the team and now provides the underwriting capacity for Ascot's Syndicate 1414.
Service company: N/A
Atrium Underwriters
Room 790
Lloyd's
1 Lime Street
London EC3M 7DQ
Tel: 020 7327 4877
Fax: 020 7327 4878
Website: www.atrium-uw.com
Syndicate: 570
Underwriter: Kevin Wilkins
Capacity (2006): £150m
Classes of business: Accident & health; aviation; physical loss/damage motor; non-marine property loss/damage; non-marine general liability; pecuniary loss excess of loss Top capital provider: (2006)
Argenta Private Capital Ltd
Syndicate: 609
Underwriter: Christine Dandridge
Capacity (2006): £215 m
Classes of business: Marine; aviation; aviation war; energy liability; non-marine short tail; terrorism liability; reinsurance; fine art/specie
Top capital provider (2006): Argenta Private Capital Ltd
Agency background: Atrium Underwriting plc owns both Atrium Underwriters Ltd (the managing agent of Syndicates 570 and 609) as well as 11 corporate name subsidiaries following the merger in December 1998 of the Atrium Cockell group and Lomond Underwriting.
Service company: N/A
Beaufort Underwriting Agency
1 Whittington Ave
London EC3V 1LE
Tel: 020 7220 8200
Fax: 020 7220 8290
Website: www.beaufort-group.com
Syndicate: 318
Underwriter: Mike Pritchard
Capacity (2006): £158.9m
Classes of business: Property; aviation
Top capital provider (2006): Beaufort Dedicated
Agency background: Beaufort manages Syndicate 318 which has been led by Mike Pritchard since 1984. Syndicate 318 underwrites in three core classes of direct & facultative property business: US & international property, aviation, and UK commercial property and liability insurance.
All commercial business is underwritten through a panel of regional brokers via the syndicate's dedicated service company, Evergreen Underwriting Services.
Service company: Evergreen
Beazley Group
Plantation Place South
60 Great Tower Street
London EC3R 5AD
Tel: 020 7667 0623
Fax: 020 7674 7100
Website: www.beazley.com
Syndicates: 2623 and 623
Capacity (2006): £830m
Syndicate 2623: £647m
Syndicate 623: £183m
Classes of business:
Specialty lines 49%
Property group 24%
Marine 14%.
Reinsurance 13%
Top capital providers (2006): Hampden Agencies Ltd for 623
Beazley Group plc for 2623
Agency background: Since 1986 Beazley has established a reputation as a market leader in the specialty lines, commercial property, retail and personal lines, treaty and marine sectors.
Service company: Beazley Solutions
Brit Syndicates
55 Bishopsgate
London EC2N 3AS
Tel: 020 7984 8700
Fax: 020 7984 8701
Website: www.britinsurance.com
Syndicate: 2987
Underwriter: Simon Clapham
Capacity (2006): £500m
Classes of business: Accident & financial; aerospace; casualty; marine/transportation; property; reinsurance; UK risks
Top capital provider (2006): Brit UW Ltd (wholly owned subsidiary of Brit Insurance Holdings plc)
Agency background: Brit Syndicates Ltd, previously Wren Syndicates Management Ltd prior to 2002, is a wholly owned subsidiary of Brit Insurance Holdings plc. Brit Syndicates Ltd managed four syndicates in 2002.
Service company: N/A
Canopius Managing Agents
36 Gracechurch Street
London EC3V 0BT
Tel: 020 7337 3700
Fax: 020 7337 3993
Website: www.canopius.com
Syndicate: 4444
Underwriter: Jim Giordano
Capacity (2006): £300m
Classes of business: Treaty reinsurance 24%; North American facilities/binding authorities 23%; UK homeowners 21%; global property 9%; professional indemnity 7%; UK commercial & misc property 6%; cargo 6%; financial institutions 4%
Syndicate: 44
Underwriter: Chris Ray
Capacity (2006): £3m
Class of business: Life
Agency background: Canopius Managing Agents is a management buy-out funded by Englefield Capital and Management. CMA manages syndicates 4444 (composite) and 44 (life). Syndicate 4444 is diversified between insurance and reinsurance.
Service company: N/A
Cathedral Underwriting
9th Floor Lloyd's
1 Lime Street
London EC3M 7HA
Tel: 020 7170 9000
Fax: 020 7170 9001
Website: www.cathedral.com
Email: john.hamblin@cathedral.com
Syndicate: 2010
Underwriter: John Hamblin
Capacity (2006): £250m
Classes of business: Non-marine reinsurance; aviation reinsurance; contingency; direct and facultative property
Top capital provider (2006): Cathedral
Agency background: Cathedral established Syndicate 2010 for the 2001 underwriting year with a senior underwriting team comprising former Bankside chairman Elvin Patrick, former Syndicate 566 active underwriter John Hamblin, Richard Williams and Mark Wilson (also both ex-566). Since then, underwriting capacity has virtually doubled and the syndicate has become a leader of non-marine property and aviation reinsurance.
Service company: N/A
Catlin Underwriting Agencies
3 Minster Court
Mincing Lane
London EC3R 7DD
Tel: 020 7626 0486
Fax: 020 7623 9101
Website: www.catlin.com
Email: info@catlin.com
Syndicate: 2003
Underwriter: Nicolas Burkinshaw
Capacity (2005): £450m
Classes of business: Reinsurance; energy; aerospace and industrial; property; marine; professional indemnity/ financial institutions; general liability
Top capital provider: (2005) Catlin Group Liability
Agency background: Managed by Catlin Underwriting Agencies Ltd, the Catlin Syndicate is the ninth largest syndicate at Lloyd's based on its 2004 premium capacity of £500m. The syndicate and its predecessor, Syndicate 1003, have outperformed the Lloyd's market as a whole for each closed year of account since 1988, as measured by return on allocated capacity.
Chaucer Syndicates
9 Devonshire Square
Cutler's Gardens
London EC2M 4WL
Tel: 020 7397 9700
Fax: 020 7397 9710
Website: www.chaucerplc.com
Email: enquiries@chaucerplc.com
Syndicate: 1084
Underwriter: Bruce Bartell
Capacity (2005): £450m
Classes of business: Personal lines; motor fleet; hull marine XL; energy: political risk; liability; cargo; specie (satellite); aircraft hull and liability; airports and products; property direct; property facultative; property treaty; fidelity; institutional healthcare; claims made; accident & health; nuclear
Top capital provider (2005): Chaucer Corporate Members
Syndicate: 1176
Underwriter: Michael Dawson
Capacity (2006): £23m
Classes of business: Personal lines; motor fleet; hull marine XL; energy; political risk liability; cargo specie (satellite); aircraft hull and liability; airports and products; property direct; property faculative; property treaty; fidelity; institutional healthcare; claims made; accident & health
Top capital provider (2005): Chaucer Corporate Members
Syndicate: 1301
Underwriter: Patrick Gage
Capacity (2006): £65m
Classes of business: Personal lines; motor fleet; hull marine XL; energy; political risk liability; cargo; specie (satellite); aircraft hull and liability; airports and products; property direct; property faculative; property treaty; fidelity; institutional healthcare; claims made; accident & health
Top capital provider (2005): Broadgate Underwriting Ltd
Syndicate: 3210
Underwriter: Dipak Warren
Capacity (2006): £300m
Classes of business: Personal lines; motor fleet; hull marine XL; energy; political risk liability; cargo specie (satellite); aircraft hull and liability; airports and products; property direct; property faculative; property treaty; fidelity; institutional healthcare; claims made; accident & health
Top capital provider (2005): MSI Corporation Capital Ltd
Syndicate: 4000
Underwriter: Mark Wheeler
Capacity (2006): £82m
Classes of business: Personal lines; motor fleet; hull marine XL; energy; political risk liability; cargo; specie (satellite); aircraft hull and liability; airports and products; property direct; property faculative; property treaty; fidelity; institutional healthcare; claims made; accident & health
Top capital provider (2005): Quanta 400 Ltd
Agency background: Chaucer Syndicates Ltd is the managing agency arm of Chaucer Holdings plc, a specialist insurance and reinsurance underwriting group listed on the London Stock Exchange.
Service company: Chaucer Insurance Services Ltd; Insurance4Cargo Services Ltd
Creechurch Underwriting
17th Floor,
30 St Mary Axe
London EC3A 8BF
Tel: 020 7150 9900
Fax 020 7153 9210
Syndicate: 1607
Underwriter: Jonathan Thomas
Capacity (2005): £49m
Classes of business: Accident & health; general liability; professional indemnity
Top capital provider (2005): Converium
Agency background: Creechurch Underwriting Ltd is an independently-owned Lloyd's managing agent.
Service company: Charrington Impacts Underwriting
Equity Syndicate Management
Library House
New Road
Brentwood
Essex CM14 4GD
Website: www.equitygroup.co.uk
Email: info@equitygroup.co.uk
Syndicate: 218
Underwriter: Ray White
Capacity (2006): £401m
Classes of business: Accident & health; motor; non-marine property loss/damage
Top capital provider (2006): Equity Red Star Ltd
Agency background: Equity Insurance Group was formerly a publicly-listed group better known as Cox. It came to the stock market in 1995 and has 1.6 million customers, 1,900 employees and an annual premium income approaching £700m. Cox was the first listed integrated Lloyd's vehicle, the first to adopt annual accounting and the first to embed a culture of strict capital allocation. In 2005 the holdings company, Cox Insurance Holdings plc, was purchased by Duke Street and Englefield Capital plus management, was delisted and renamed Equity Insurance Group Ltd.
Service company: Equity Red Star Service & Equity Red Star (Accident & Health)
Faraday Underwriting
New London House
6 London Street
London EC3R 7QL
Tel: 020 7702 3333
Fax: 020 7702 4940
Website: www.faraday.com
Syndicate: 435
Underwriter: PNE Ceurvorst and MJ Rayner
Capacity (2006): £325m
Classes of business: Aviation; casualty insurance; casualty reinsurance; property insurance; property reinsurance
Top capital provider (2006): Faraday Capital
Agency background: The Faraday Group comprises Syndicate 435 at Lloyd's (formerly DP Mann Syndicate 435 at Lloyd's) together with sister company Faraday Reinsurance Co Ltd (formerly The Cologne Re of London, a market reinsurance company). Both are part of the General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway. Faraday is a single, broker-focused operating platform writing business through three underwriting teams: aviation; casualty; and property.
Service company: Faraday Insurance Services
Gerling at Lloyd's
1 Great Tower Street
London EC3R 5AA
Tel: 020 7696 8099
Fax: 020 7696 8119
Website: www.gerling.co.uk
Syndicate: 1206
Underwriting director: Geoff Halpin
Capacity (2006): £60m
Classes of business: Personal accident 32%
US property 68%
Top capital provider (2005): Gerling Corporate Capital
Agency background: Purchased by Gerling Konzern Allgemeine, the flagship industrial arm of the Gerling Group, in August 1999, the agency and Syndicate 1206 became an integrated Lloyd's vehicle. Historically a predominantly personal accident business, poor results from its commencement in 1996 through 2000 have led Gerling to introduce a turnaround management which underwrote the book during 2001.
Service company: Gerling Syndicate Services
Hardy (Underwriting Agencies)
Room 821
Lloyd's
1 Lime Street
London EC3M 7DQ
Tel: 020 7327 4848
Fax: 020 7283 4677
Website: www.hardygroup.co.uk
Email: adrian.walker@hardygroup.co.uk
Syndicate: 382
Underwriter: Adrian Walker
Capacity (2006): £110m
Classes of business: Marine (hull, cargo/specie); non-marine (property reinsurance, accident & health); aviation (general aviation including helicopters and airline); financial institutions; political risk; conveyancing insurance
Top capital provider (2006): 91% funded by Hardy Underwriting Ltd (wholly owned by Hardy Underwriting Group plc)
Agency background: Syndicate 382 was formed in 1975. Hardy (Underwriting Agencies) Ltd was formed in 1978. Syndicate 382 is a composite syndicate, writing marine, aviation, non-marine and excess of loss risks, with the balance changing according to the insurance cycle. The syndicate's composite nature, and disciplined approach to consistent pricing has enabled it to out-perform its peers, producing an average profit of over 25% on net written income on all closed years. Several members of the team have worked together for many years, providing continuity and experience to insured and capital providers. In recent years the Hardy Group has acquired 90% of the capital of Syndicate 382 and the holding company.
Hardy Underwriting Group has been publically listed on the London Stock Exchange since June 1999, having previously been listed on the Alternative Investment Market.
Service company: N/A
Heritage Managing Agency
47 Mark Lane
London EC3R 7QQ
Tel: 020 7712 7600
Fax: 020 7712 7601
Website: www.heritage-plc.com
Syndicate: 1200
Underwriter: LJ Rock
Capacity (2006): £180m
Classes of business: Property; specie; other
Top capital provider (2006): Heritage Underwriting Agency
Syndicate: 3245
Underwriter: MW Lawrence
Capacity (2006): £49m
Classes of business: Non US; professional indemnity
Top capital provider (2006): £49m Hampden
Agency background: Heritage Managing Agency was founded in 1999 and has grown to manage a capacity of £229m for 2006.
Hiscox Syndicates
1 Great St Helen's
London EC3A 6HX
Tel: 020 7448 6000
Fax: 020 7448 6900
Website: www.hiscox.com
Email: enquiry@hiscox.com
Syndicate: 33
Underwriter: Richard Watson
Capacity (2006): £833m
Classes of business: Aerospace; bloodstock; contingency; energy; fine art; household; kidnap and ransom; marine; media; personal accident; property; professional indemnity; reinsurance; specie; technology
Top capital provider (2006): Hiscox
Agency background: Hiscox leads the Lloyd's insurance market in a number of traditional areas such as marine, energy, and property and is also known for its expertise in new areas such as terrorism and political risk, and in particular industry sectors such as aerospace, technology and media.
Hiscox is Europe's leading fine art insurer, and also offers high value household, bloodstock and kidnap and ransom cover. It also has a range of professional indemnity and commercial insurance covers for professionals and small and medium sized businesses.
Service company: Hiscox Underwriting Ltd
Illium Managing Agency
33 Creechurch Lane
London EC3A 5EB
Tel: 020 7743 9900
Fax: 020 7743 9901
Syndicate: 4040
Underwriter: Denis Burniston
Capacity (2006): £54m
Classes of business: Third party liability; employers' liability; commercial motor; contractors all risk
Top capital provider (2006): HCC Group
Agency background: Illium Managing Agency Ltd (IMAL) was formed in 2003.
In December 2005, it was acquired by HCC group, which had been a minority founder shareholder. IMAL manages Syndicate 4040 which commenced underwriting for the 2004 year of account. Underwriting capital is provided by members agents and various corporate providers, of which the largest is HCC Group.
For 2006, IMAL entered into an arrangement with Great Lakes Reinsurance (UK) plc whereby Great Lakes (UK) co-insurer all classes of business written by Illium (except CAR). For 2006, CAR is written per Lloyd's Consortium No 9288. Overall capacity including co-insurance is £85m.
Service company: Illium Insurance Services Ltd
Imagine Underwriting
1st Floor
Fountain House
130 Fenchurch Street
London EC3M 5DJ
Tel: 020 7337 1700
Fax: 020 7337 1800
Website: www.theimaginegroup.com
Syndicate: 994
Underwriter: C Simmonds
Capacity (2006): £40m
Classes of business: Reinsurance to close; structured reinsurance
Top capital provider (2005): Imagine Underwriting Ltd
Syndicate: 1923
Underwriter: AA Pitt
Capacity (2005): £12.5m
Classes of business: Finite restructured reinsurance
Top capital provider (2005): CSMA Capital
Syndicate: 1400
Underwriter: Matthew Petzold
Capacity (2006): £100m
Agency background: Imagine Group Holdings commenced business operations in 2000. In December 2002 it acquired an option to purchase a two-thirds interest in Greenwich Managing Agency, which managed Lloyd's Syndicate 994. In November 2003, the acquisition of Greenwich Managing Agency was completed and its name was changed to Imagine Underwriting. In December 2004, through its acquisition of the Danish Re Group - a traditional specialist reinsurer and insurer that focused on accident and health and property catastrophe reinsurance and financial institutions insurance - the Imagine Group further developed its London market platform. In November 2005 it acquired Abacus Syndicates which manages syndicates 2525 and 2526.
Service company: N/A
(See Abacus for syndicates 2525 and 2526)
Jubilee Managing Agency
Sidcup House
Station Road
Sidcup
Kent DA15 7EX
Tel: 020 7928 8000
Fax: 020 8918 8050
Website: www.jubilee-insurance.com
Email: jubilee@jubilee-insurance.com
Syndicate: 1231 and Sub-Syndicate 1952
Underwriter: John Wilkinson
Capacity (2006): £55m
Classes of business: Motor
Top capital provider (2006): Jubilee Motor Policies Ltd
Syndicate: 5820
Underwriter: Brian Jackson
Capacity (2006): £44m
Classes of business: Creditor; affinity; personal accident; mortgage indemnity
Top capital provider (2006): Nemwil Corporate Capital Ltd
Syndicate: 779
Underwriter: Brian Jackson
Capacity (2006): £38m
Classes of business: Term life assurance
Top capital provider (2006): Individuals
Agency background: Jubilee Managing Agency Ltd was granted Lloyd's approval in October 2003 and authorisation was given by the FSA in January 2004, at which time Jubilee took over responsibility for the management of Jubilee Motor Policies Syndicate 1231 from Liberty Syndicates. In February 2005 Jubilee Managing Agency acquired the Cassidy Davis businesses from St Paul Travelers.
Under the new ownership, Cassidy Davis established a non-life Syndicate 5820. At the same time the management of Syndicate 779 was transferred to Jubilee.
Liberty Syndicate Management
1 Minster Court
Mincing Lane
London EC3R 7AA
Tel: 020 7895 0011
Fax: 020 7860 8573
Syndicate: 4472
Underwriter: Tom Corfield
Capacity (2005): £912m
Classes of business: Legal indemnities; property; professional indemnity; treaty casualty; speciality contingency; risk excess net retained; non-marine excess; aviation XL; liability; space; global financial risk; war and terrorism; cargo and specie; other
Top capital provider (2006): Liberty International
Agency background: Liberty Syndicates is a wholly owned subsidiary of Liberty Mutual, a company founded in 1912 in Massachusetts to provide compensation for workers and industrial accident prevention services. Liberty Syndicates was established in 1994, taking over Syndicate 190 for the 1995 account and Syndicate 282 for the 1996 account.
Limit Underwriting
Plantation Place
30 Fenchurch Street
London EC3M 3BD
Tel: 020 7105 4000
Fax: 020 7105 4019
Website: www.limit.co.uk
Email: info@limit.co.uk
Syndicate: 386
Underwriter: David Constable
Capacity (2006): £340m
Classes of business: Non US liability (UK Lloyd's 28%; UK Agency 21%; Irish Lloyd's and Agency 6%; professional indemnity 18%; international liability 27%)
Top capital provider (2006): QBE Insurance Group
Syndicate: 566
Underwriter: Jonathan Parry
Capacity (2006): £240m
Classes of business:
International treaty 26%
North American treaty 22%
Worldwide and retrocession 25%
Aviation 7%
Marine 11%
Personal accident 9%
Top capital provider (2006): QBE Insurance Group
Syndicate: 1036
Underwriter: Colin O'Farrell
Capacity (2006): £210m
Classes of business:
Cargo 11%
Energy 40%
Liability 24%
Specie 8%
Hull 9%
War 2%
Political risk & terrorism 6%
Top capital provider: QBE Insurance Group
Syndicate: 2000
Underwriter: Mark Harrington
Capacity (2006): £180m
Classes of business:
Casualty 48%
Property direct and facultative 30%
UK specialist lines 10%
Financial institutions 12%
Top capital provider: QBE Insurance Group
Agency background: Limit plc, formerly known as London Insurance Market Investment Trust plc, was formed in November 1993 by the raising of institutional funds on the London stock market to provide corporate capital to over 100 syndicates at Lloyd's.
In 1996 and 1997 majority interests were acquired in two leading Lloyd's managing agents, Janson Green Ltd and Bankside Syndicates Ltd, and Limit began to focus its capital and strategy on the syndicates managed by these agencies and to divest of its underwriting in other syndicates within Lloyd's. The interests in the two agencies were increased to 100% during 1998 and they were merged to form a single agency, Limit Underwriting Ltd, in late 1999.
For the 2000 year of account all of Limit's underwriting was dedicated to the syndicates managed by Limit Underwriting Ltd. Limit also disposed of its motor syndicates in 2000 to leave it focused as a specialist commercial insurer and reinsurer. In August 2000, Limit Underwriting Ltd (Limit) was acquired by QBE Insurance Group and by November the integration into Limit of the management of the syndicates previously under QBE Underwriting Agency Ltd was complete. Going into 2006 Limit is one of the largest and most successful managing agents at Lloyd's with £1bn of capacity under management, representing 7% of the Lloyd's market.
Managing Agency Partners
110 Fenchurch Street
London EC3M 5JT
Tel: 0207 709 3860
Fax: 0207 709 3861
Website: www.mapunderwriting.co.uk
Syndicate: 2791
Underwriter: David Shipley
Capacity (2006) £400m
Classes of business:
Property reinsurance 41.9%
Property insurance 17.7%
Casualty insurance/reinsurance 16.8%
Marine 11.5%
Auto PD and liability 6.7%
Accident and health 3.5%
Specialist lines 1.9%
Agency background: Managing Agency Partners is an independent and largely employee-owned agency underwriting in the Lloyd's market through its Syndicate 2791. Formed in 2000, it has rapidly established itself as a leading underwriter in each of the classes of business in which it specialises. The security is a broad spread of third party capital providers from both inside and outside the insurance industry.
Service company: N/A
Markel International
The Markel Building
49 Leadenhall Street
London EC2A 2EA
Tel: 020 7953 6000
Fax: 020 7953 6001
Website: www.markelintl.com
Syndicate: 3000
Underwriter: Gerry Albanese
Capacity (2006): £145m
Classes of business: Marine & energy; non-marine; property; specialty; professional liability
Top capital provider (2006): Markel Capital
Service company: Markel (UK) Ltd
Marketform Managing Agency
8 Lloyd's Ave
London EC3N 3EL
Tel: 020 7488 7700
Fax: 020 7488 7800
Website: www.marketform.com
Email: info@marketform.com
Syndicate: 2468
Underwriter: SP Lotter
Capacity (2006): £100m
Classes of business: Medical malpractice; general liability; professional indemnity; product guarantees & recall
Top capital provider (2006): Converium Ltd
Agency background: Marketform Holdings was created in 1998, in order to bring together the pre-existing Marketform and the new Marketform Syndicate at Lloyd's. It offers a range of specialist liability insurance products.
Service company: N/A
Marlborough Underwriting Agency
Birchin Court
20 Birchin Lane
London EC3V 9DU
Tel: 020 7456 1800
Fax: 020 7456 1810
Website: www.marlborough.co.uk
Syndicate: 1861
Underwriter: Les Allen
Capacity (2006): £50m
Classes of business: Personal accident; reinsurance
Top capital provider (2006): Tonicstar
Service company: N/A
Munich Re Underwriting
St Helens
1 Undershaft
London EC3A 8EE
Tel: 0207 886 3900
Fax: 0207 886 3901
Website: www.watkins-syndicate.co.uk
Email: Central@mrunderwriting.com
Syndicate: 457
Underwriters: Dominic Hoare/Oliver Crabtree
Capacity (2006): £260m
Classes of business:
Cargo 14%
Energy 42%
XL 3%
Liability 9%
Satellite 10%
Specie 5%
War 5%
Yacht and marine trade 11%
Engineering 1%
Top capital provider (2006): Munich Re Capital
Agency background: Munich Re Underwriting Ltd is an indirect and wholly-owned subsidiary of Munich Re and acts solely as a managing agent at Lloyd's. The Watkins Syndicate, a specialist marine syndicate, commenced trading in 1978. It writes and has the ability to lead all of the main classes of marine business. Since the 2000 year of account, all capacity has been provided by Munich Re Capital, an indirect and wholly-owned subsidiary of Munich Re.
Service companies: Northern Marine Underwriters; Groves John & Westrup; Watkins Syndicate Hong Kong; Watkins Syndicate Singapore Pte; Watkins Syndicate Middle East Ltd
Navigators Underwriting Agency
Room 974
Lloyd's
1 Lime Street
London EC3M 7HA
Tel: 0207 220 6900
Fax: 0207 220 6901
Website: www.1221mlm.com
Syndicate: 1221
Underwriter: Richard Bardwell
Capacity (2006): £112.5m
Classes of business: Cargo specie; energy; hull; marine liabilities; marine reinsurance; ships physical loss or damage; engineering/construction; directors' & officers'
Top capital provider (2006): The Navigators Group Inc
Agency background: Formed in 1978 to manage syndicates 552 and 1023, Navigators Underwriting Agency Ltd was formerly Mander, Thomas and Cooper (Underwriting Agency). It manages Syndicate 1221 and was founded in 1978 to manage Syndicate 552. The agency launched Syndicate 1023 and merged businesses to form Syndicate 1221 in 1996. It became part of Navigators Group Inc. of New York in 1998.
Service company: Navigators Underwriting Ltd
Newline Underwriting Management
Suite 5/4 London Underwriting Centre
3 Minster Court
Mincing Lane
London EC3R 7DD
Tel: 020 7090 1700
Website: www.odysseyre.com
Syndicate: 1218
Underwriter: Stephen Gordon
Capacity (2006): £145m
Classes of business: Financial institutions; professional indemnity; public and employers' liability; directors' and officers' liability
Top capital provider (2006): Odyssey America Reinsurance Corp
Agency background: Newline Underwriting Management manages corporate Syndicate 1218, which was set up for the 1997 year of account with a capacity of £20m. Syndicate 1218's sole capital provider is Newline Corporate Name Limited, a wholly owned subsidiary of Odyssey America Reinsurance Corporation.
Service company: Newline Underwriting Ltd
Omega Underwriting
4th Floor
New London House
6 London Street
London EC3R 7LP
Tel: 0207 767 3000
Fax: 0207 488 9639
Syndicate: 958
Underwriter: John Robinson
Capacity (2006): £249m
Classes of business: Non-marine property loss or damage; non-marine general liability; motor (whole account); specific inwards; other
Top capital provider (2006): CBS Private Capital
Agency background: Omega Underwriting Agents took over the management of Syndicate 958 from July 1999, the previous agent being GS Christensen & Partners, which had managed the syndicate since its inception in 1980.
Syndicate 529 was transferred to Omega during 2000, the licence to write new and renewal business having been removed from the previous agent (Sterling Underwriting Agencies) by Lloyd's. Omega Dedicated and Omega Underwriting Agents are wholly owned by Omega Underwriting Holdings, a privately owned, independent company.
Service company: N/A
RJ Kiln & Co
106 Fenchurch Street
London EC3M 5NR
Tel: 020 7886 9000
Fax: 020 7488 1848
Website: www.kilnplc.com
Syndicate: 308
Underwriter: Cathy Toomey
Capacity (2006): £13m
Classes of business: Life
Top capital provider (2006): Kiln Underwriting
Syndicate: 510
Underwriter: Robert Chase
Capacity (2006): £625m
Classes of business: Accident & health; reinsurance; property & special lines; marine & risk solutions; aviation
Top capital provider (2006): Kiln Underwriting
Syndicate: 557
Underwriter: Andrew Carrier
Capacity (2006): £55m
Classes of business: Assumed reinsurance; property
Top capital provider (2006): Kiln Underwriting
Syndicate: 807
Underwriter: Stephen Mathers
Capacity (2006): £110m
Classes of business: Accident & health; assumed reinsurance; liability; motor; property; other
Top capital provider (2005): Kiln Underwriting
Agency background: Founded in 1962, Kiln is an international insurance andreinsurance underwriting group, which is listed on the London Stock Exchange.
RJ Kiln is one of the largest managing agencies in the Lloyd's insurance market. The capacity managed by the agency has grown from £1m for the 1963 year of account to £803m for 2006 year of account.
RJ Kiln manages four syndicates and Kiln South Africa (Pty). Based in Johannesburg, Kiln South Africa operates as a service company for the managed syndicates.
Service company: N/A
SA Meacock & Co
15 St Helens Place
London EC3A 6DE
Tel: 0207 374 6727
Fax: 0207 374 4727
Syndicate: 727
Underwriter: Michael Meacock
Capacity (2006): £72m
Classes of business: General
Top capital provider (2006): Private capital
Agency background: SA Meacock & Co was formed in 1996 to take over the business of SA Meacock and Co, a partnership trading at Lloyd's since 1967.
Service company: N/A
St. Paul Travelers Syndicate Management
60 Gracechurch Street
London EC3V 0HR
Tel: 020 7645 4100
Fax: 020 7645 4526
Website: www.stpaultravelers.co.uk/lloyds
Email: spal.enquiries@stpaul.com
Syndicate: 5000
Underwriter: Martin Hudson
Capacity (2006): £250m
Classes of business: Aviation; marine; global property; accident and special risks
Top capital provider (2006): The St. Paul Travelers Companies, Inc
Agency background: The Lloyd's operation of St Paul Travelers offers underwriting in four speciality classes through Syndicate 5000: accident & special risks, aviation, global property and marine. It works with brokers and clients to understand the risk before offering solutions. It is flexible in its approach to underwriting and consistent in our pricing methodology.
Brokers and clients value this stability. St Paul Travelers builds long-term partnerships that bring value to brokers, clients and ourselves.
Service company: N/A
SVB Syndicates
71 Fenchurch Street
London EC3M 4HH
Tel: 0207 903 7300
Fax: 0207 903 7333
Website: www.svb.co.uk
Email: enquiries@svb.co.uk
Syndicate: 1007
Underwriter: Jonathan Butcher
Capacity (2006): £120m
Classes of business: Specialty 100%
Top capital provider (2006): SVB Underwriting Ltd
Syndicate: 2147
Underwriter: Alan Hicks
Capacity (2006): £240m
Classes of business: Property; marine; aviation
Top capital provider (2006): SVB Underwriting Ltd
Agency background: SVB Holdings is an Integrated Lloyd's Vehicle listed on the London Stock Exchange. It is the holding company of a specialist insurance and reinsurance group operating within the Lloyd's insurance market. The SVB Group was established in 1986 with the formation of a privately owned Lloyd's managing agency. In 1998 SVB merged with Syndicate Capital Trust plc, a listed investment trust providing capacity to a portfolio of Lloyd's syndicates. The merged company became SVB Holdings plc. In October 1999, SVB merged with another listed investment trust, CLM Insurance Fund plc. This transaction brought further capital into the group, together with two wholly-aligned Lloyd's syndicates.
Service company: SVB Underwriting Services
Talbot Underwriting
Gracechurch House
55 Gracechurch Street
London EC3V 0JP
Tel: 0207 550 3500
Fax: 0207 550 3555
Website: www.talbotuw.com
Syndicate: 1183
Underwriter: Rupert Atkin
Capacity (2006): £307m
Classes of business: Marine -cargo, energy, hull/tlo; political risk & political violence; yachts; marinas; marine & energy liability; marine & aviation war; direct property; contingency; financial institutions; aviation & property treaty
Agency background: Talbot Underwriting operates in the Lloyd's market through Syndicate 1183. Our underwriting philosophy is to write a balanced and well-spread portfolio of largely short-tailed business, with a marine bias.
Syndicate 1183 writes a diverse marine account, which is complemented by a direct property account, largely non-US financial institutions account, a contingency account and a composite treaty account. In order to achieve a balanced portfolio, no single class of business constitutes more than 20% of the overall premium income of the syndicate.
The syndicate aims to lose no more than 15% of its net premium income as a result of a modelled major loss. The results of the syndicate to date have shown strong profits. Since its start in 2002, the syndicate has accumulated in excess of $600m of funds. Our aim is for Syndicate 1183 consistently to achieve first quartile performance.
Service company: N/A
Wellington Underwriting Agencies
88 Leadenhall Street
London EC3A 3BA
Tel: 0207 337 2000
Fax: 0207 337 2001
Website: www.wellington.co.uk
Syndicate: 2020
Chief underwriting officer: David Foreman
Capacity (2006): £800m
Classes of business:
Accident & health 7%
Aviation 11%
Energy 19%
Liability 13%
Other 2%
Non UK property 13%
Non UK binders 4%
Reinsurance 16%
UK property & liability 3%
War & marine 12%
Top capital provider (2006): Wellington (Five) Ltd
Agency background: Wellington Underwriting Agencies Ltd is a wholly owned subsidiary of Wellington Underwriting Holdings Ltd which in turn is a subsidiary of the listed Wellington Underwriting plc. For the 2006 year of account, Wellington Underwriting plc, through its 12 corporate members, provide 66% of the capacity of syndicate 2020.
Service company: Wellington Syndicate Services Ltd and Wellington Underwriting Inc.
XL London Market
70 Gracechurch Street
London EC3V 0XL
Tel:0207 933 7000
Fax: 0207 469 1000
Website: www.xlinsurance.co.uk
Syndicate: 1209
Underwriter: D O'Donohoe
Capacity (2006): £230m
Classes of business:
Marine hull; offshore energy & cargo 49%
Specie 11%
Bloodstock 9%
International aviation 26%
War and political risk 2%
Top capital provider (2006): XL Capital Ltd
Agency background: The ultimate parent company of XL London Market Ltd is XL Capital Ltd (XL) which provides 100% of the capacity on Syndicate 1209 and also owns the XL London Market Managing Agency. Previously known as Brockbank in mid-1997, Mid Ocean acquired a controlling interest in the Brockbank group. In August 1989, Mid Ocean merged with Excel, which in February 1999 became XL Capital. The Lloyd's operation is now known as XL London Market. Since January 2003, XL London Market has managed one corporate syndicate, 1209.
