Catlin Underwriting Agencies is trying to buy out Names from one of its Lloyd's syndicates.
The plan is to buy out the private investors who provide £75m of capital for Syndicate 1003 .
Chairman Stephen Catlin confirmed the move, adding that the company is not anti-private investors, but is seeking to avoid any possible conflict between corporate and Names' capital. He is prepared to offer Names 43p for every £1 of capacity they hold.
A senior Lloyd's source told Insurance Times that this was "probably the best offer the Names will ever get".
If the company succeeds in buying out its Names, it then plans to merge Syndicate 1003 with its Syndicate 2003, funded by corporate capital.
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.
