Barbican’s $100mn ClaRe signs up nine syndicatesClaRe, Barbican’s newly-launched collateralised retro platform for Lloyd’s carriers, inked deals handing the vehicle exposure to nine syndicates at 1.1, re-Insurance.com understands.
Three underwriters face the axe as Barbican bows out of hull and cargoLondon managing agency Barbican has pulled out of writing hull and cargo business through its Lloyd’s syndicate 1955 putting three underwriting jobs at risk, re-Insurance.com can reveal.
Barbican drafts in Aon Benfield to manage RITC auctionLloyd’s insurer Barbican has instructed Aon Benfield to evaluate third-party reinsurance to close (RITC) quotes for its back-year liabilities, re-Insurance.com can reveal.
Consortium income gives Barbican managing agency a boost in 2017Revenue from leading underwriting consortiums gave Barbican’s managing agency business a £1.8mn boost, helping the syndicate-owner to grow profits in 2017.
Barbican and Howden pursued by Danish guarantee fund after Gable failureLloyd’s insurer Barbican and broker Howden have become the latest to find themselves ensnared in the growing construction liability crisis, re-Insurance.com understands.
Barbican launches Bermuda platform with former Novae teamLloyd’s insurer Barbican has developed a Bermuda platform to source property business for its Syndicate 1955 staffed by former Novae underwriters.
MS Amlin launches $60mn sidecar for Lloyd’s syndicateMS Amlin has launched a $60mn Bermuda-based sidecar that will write a quota share of its Lloyd’s Syndicate 2001.
Brilliant Re adds to new 2018 retro capacityThe trickle of new retro capacity is continuing to come on stream ahead of the 1.1 renewals with news that Brilliant Reinsurance (Guernsey) Ltd has become Guernsey’s first Chinese insurance company and will focus on providing collateralised paper for the Lloyd’s market.
Barbican commissions “next ten years” London market studyLloyd’s insurer Barbican has celebrated its ten-year anniversary today (23 November) by commissioning a year-long study into how the London market may evolve over the next decade.
Toa Re and Barbican receives Lloyd’s SPALloyd’s insurer Barbican has received “in principle” approval from Lloyd’s to commence their Special Purpose Arrangement (SPA) Syndicate 6132 in partnership with Japanese reinsurer Toa Re.
Barbican appoints Booth to new role of underwriting directorBarbican, the private equity owned Lloyd’s insurer, has promoted Andy Caldwell to active underwriter of its Syndicate 1955 with his predecessor David Booth being appointed to a new role of director of underwriting.
Facilitating new overseas entrants into Lloyd’s is key, says BarbicanBarbican, the Carlson Capital-owned insurance group with a pedigree for supporting new insurance entrants into the Lloyd’s market, says it is attracting a lot of interest from overseas carriers who currently have little or no existing relationship with Lloyd’s.