Barbican Insurance Group

Barbican Insurance Group

An introduction

Barbican Insurance Group

Structure

Barbican Group Holdings Ltd

Barbican Reinsurance Company LtdBarbican Holdings (UK) Ltd

Barbican Corporate Member Ltd

Guernsey

Guernsey

Barbican Group Holdings Ltd

Barbican Reinsurance Company LtdBarbican Holdings (UK) Ltd

Barbican Corporate Member Ltd

Guernsey

Guernsey

Quota Share & Stop Loss reinsurance

Barbican Group Holdings Ltd

Barbican Reinsurance Company LtdBarbican Holdings (UK) Ltd

Barbican Corporate Member Ltd

Syndicate 1955 at Lloyd’s

Guernsey

Guernsey

Carlson CapitalSteel Partners

Barbican Group Holdings Ltd

Barbican Reinsurance Company LtdBarbican Holdings (UK) Ltd

Barbican Corporate Member Ltd

Syndicate 1955 at Lloyd’s

Carlson CapitalSteel Partners

Barbican ownership

Barbican philosophy

Intelligent and responsive

underwriting

Barbican philosophy

Intelligent and responsive

underwriting

Expert risk solutions, first class

service

Barbican philosophy

Intelligent and responsive

underwriting

Expert risk solutions, first class

service

Lasting commitment to the market

Barbican philosophy

Intelligent and responsive

underwriting

Expert risk solutions, first class

service

Lasting commitment to the market

Consistency, reliability and value

A seasoned team

Barbican senior management

Barbican senior management

David ReevesChief Executive Officer

Formerly director RSA Commercial Division; headed Motability account; co-founded Global Aerospace

Barbican senior management

David ReevesChief Executive Officer

Jon GodfrayChief Operating Officer

Formerly COO Endurance Worldwide; Head of Operations RSA London

Barbican senior management

David ReevesChief Executive Officer

Jon GodfrayChief Operating Officer

Mark HarringtonChief Underwriting Officer/Active Underwriter

Led QBE Syndicate 2000; Active Underwriter for Limit; Underwriting Manager Zurich Re

Barbican senior management

David ReevesChief Executive Officer

Jon GodfrayChief Operating Officer

Mark HarringtonChief Underwriting Officer/Active Underwriter

Barbican business mix

International Casualty Treaty

N American Casualty Treaty

Property

Marine Reinsurance

Healthcare Liability

UK SME Insurance

Barbican business mix

International Casualty Treaty

N American Casualty Treaty

Property

Property Treaty

Marine Insurance

Marine Reinsurance

Healthcare Liability

UK SME Insurance

Specialty

Nuclear

Our initial thoughts on Guernsey

Our initial thoughts on Guernsey

Top of offshore comparison tables!

Our initial thoughts on Guernsey

Top of offshore comparison tables!

Advisers in support: Ashurst, E&Y, Kinmont

Our initial thoughts on Guernsey

Top of offshore comparison tables!

Advisers in support: Ashurst, E&Y, Kinmont

Expenses: lowest cost option

Our initial thoughts on Guernsey

Top of offshore comparison tables!

Advisers in support: Ashurst, E&Y, Kinmont

Expenses: lowest cost option

Travel aspects

Our initial thoughts on Guernsey

Top of offshore comparison tables!

Advisers in support: Ashurst, E&Y, Kinmont

Expenses: lowest cost option

Travel aspects

Guernsey and London combination an important differentiator

What happened in practice?

What happened in practice?

Regulator is practical and fast

What happened in practice?

Regulator is practical and fast

Capital modelling is straightforward

What happened in practice?

Regulator is practical and fast

Capital modelling is straightforward

Changes to plan are negotiable

What happened in practice?

Regulator is practical and fast

Capital modelling is straightforward

Changes to plan are negotiable

No political issues

What happened in practice?

Regulator is practical and fast

Capital modelling is straightforward

Changes to plan are negotiable

No political issues

No surprises

Next steps

Next steps

Formation of a domestic insurer: Barbican Channel Islands

Next steps

Formation of a domestic insurer: Barbican Channel IslandsUnderwriting solutions for a unique marketplace

Next steps

Formation of a domestic insurer: Barbican Channel IslandsUnderwriting solutions for a unique marketplace

First class underwriting and claims service

Next steps

Formation of a domestic insurer: Barbican Channel IslandsUnderwriting solutions for a unique marketplace

First class underwriting and claims service

Flexible group of commercial products

Next steps

Formation of a domestic insurer: Barbican Channel IslandsUnderwriting solutions for a unique marketplace

First class underwriting and claims service

Flexible group of commercial products

Genuine Channel Island market knowledge

Next steps

Formation of a domestic insurer: Barbican Channel IslandsUnderwriting solutions for a unique marketplace

First class underwriting and claims service

Flexible group of commercial products

Genuine Channel Island market knowledge

Next steps

Formation of a domestic insurer: Barbican Channel Islands

Launch of international reinsurance capability

Next steps

Formation of a domestic insurer: Barbican Channel Islands

Launch of international reinsurance capability

Financial Solutions portfolio

Next steps

Formation of a domestic insurer: Barbican Channel Islands

Launch of international reinsurance capability

Financial Solutions portfolio

Dealing with a hard market!

Possible developments

Possible developments

Outsourcing more services from London

Possible developments

Outsourcing more services from London

Bringing corporate partners to Guernsey

Possible developments

Outsourcing more services from London

Bringing corporate partners to Guernsey

Property Catastrophe Retro Fund

Possible developments

Outsourcing more services from London

Bringing corporate partners to Guernsey

Property Catastrophe Retro Fund

Rating for Barbican Reinsurance