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© 2013 Cozen O’Connor
Trusted Counsel to the London Insurance MarketPhone: +44 (0)20 7864 2000
cozen.com
Venesis has unique experience across the key service areas of the London Insurance Market.
Adrian Giles +44 (0) 207 947 4063
James Chalk +44 (0) 207 947 4064 [email protected]
Managing Director
Senior Consultant
Venesis is a leading provider of Corporate Advisory & Enterprise Risk Management services to the insurance services industry.
We combine strategic and analytical skills to deliver innovative and practical solutions for our clients in order to ensure that they meet their strategic goals.
Core services include; - Enterprise Risk Management - Corporate Governance - Business Transformation - Technology Integration
ALWAYS LOOKING UPWARDS
www.rqih.com STRATEGY | INNOVATION | EXPERTISE
With a team of over 350 insurance professionals based in the UK, US, Bermuda and Europe,
Randall & Quilter (R&Q) is a specialist non-life insurance investor,
At Allied World, we aren’t afraid to journey into new
markets or explore new products. By working closely
with clients to find innovative ways to balance
risk with reward, we are pushing boundaries and
challenging assumptions.
Visit us at Box 331 & 335 or alliedworldinsurance.com
Specialty solutions. Worldwide.
Insurance Markets from S&P Capital IQThe data and research hub for insurance professionals
Insurance Markets from S&P Capital IQ helps you monitor developments and perform more efficient analysis by providing you with access to insurance-specific global coverage, financial strength ratings, summarised financial data, sector specific news and commentary and the tools to combine all of these into a customised portfolio just for you.
Visitwww.spcapitaliq.com
Call +44 (0)20 7176 7176
The analyses, including ratings, of Standard & Poor’s and its affiliates are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or make any investment decisions. Users of ratings or other analyses should not rely on them in making any investment decision. Standard & Poor’s opinions and analyses do not address the suitability of any security. Standard & Poor’s does not act as a fiduciary or an investment advisor except where registered as such. Copyright © 2013 by Standard & Poor’s Financial Services LLC (S&P), a part of McGraw Hill Financial, Inc. All rights reserved. Capital IQ is a registered trademark of Capital IQ, Inc. S&P Capital IQ is a trademark of Standard & Poor’s Financial Services LLC.
www.intelligentinsurer.com
FOR ALL ENQUIRIES, PLEASE CONTACT:John Walsh
Tel: +44 203 301 8206Emails: [email protected]
STANDARD & POOR’S Lloyd’s Syndicate Merger History (1994-2014)
ARK SYNDICATEMANAGEMENT LTD
4020
Active underwriter:Nicholas Bonnar
6105
Active underwriter:Nicholas Bonnar
ASCOT UNDERWRITING LTD
1414
Active underwriter:Andrew Brooks
ASPEN MANAGING AGENCY LTD
4711
Active underwriter:
ARGO MANAGING AGENCY LTD
1200
Active underwriters:Bruno Ritchie
32453200
BEAZLEY FURLONGE LTD
0623
Active underwriter:Neil Maidment
2623
Active underwriter:Neil Maidment
3622
Active underwriter:Neil Maidment
3623
Active underwriter:Neil Maidment
6107
Active underwriter:Neil Maidment
MONTPELIER UNDERWRITINGAGENCIES LTD
5151
Active underwriter:Michael Southgate
MUNICH RE UNDERWRITING LTD
Watkins0457
Active underwriter:Dominick Hoare Oliver Crabtree
NAVIGATORS UNDERWRITINGAGENCY LTD
1221
0552 1023
Active underwriter:Richard Bardwell
ARCH UNDERWRITINGAT LLOYD’S LTD
2012
Active underwriter:David Hipkin
AEGIS MANAGING AGENCY LTD
1225
Active underwriter:David Croom-Johnson
ADVENTUNDERWRITING LTD
0780
Active underwriter:William Beveridge
ALLIED WORLDMANAGING AGENCY LTD
2232
Active underwriter:Darren Powell
ARGENTA SYNDICATE MANAGEMENT LTD
2121
Active underwriter:Ian Maguire
ProSight1110
Active underwriter:Philip Hancock 2323
1274
Active underwriter:Jonathan Battle
ANTARES MANAGING AGENCY LTD
AMLIN UNDERWRITING LTD
0920
0173
0172
1141
0902
0040
2001
Active underwriter:Simon Beale
Brian Carpenter
0824 082008870028
0362
0913
0919
ACE UNDERWRITING AGENCIES LTD
2488
23220546 0322
0048 0545 0925 0998
0375 0483
0960
0490
249007320112
Active underwriter:Matthew Shaw
0047012204840204
0219
0488
HARDY (UNDERWRITINGAGENCIES) LTD
0382
Active underwriter:Patrick Gage
3820
HISCOXSYNDICATES LTD
0033
0052 06250624
Active underwriter:Paul Lawrence
6104
Active underwriter:Paul Lawrence
3624
Active underwriter:Richard Watson
MANAGING AGENCYPARTNERS LTD
6103
Active underwriter:Richard Trubshaw
2791
Active underwriter:Richard Trubshaw
HCC UNDERWRITINGAGENCY LTD
4141
Active underwriter:Simon Button
4040
CHUBB MANAGING AGENT LTD
1882
Active underwriter:Kevin Docherty
CATHEDRALUNDERWRITING LTD
2010
Active underwriter:John Hamblin
3010
Active underwriter:John Hamblin
BRITSYNDICATES LTD
2987
Active underwriters:Matthew Wilson
2400 20400250
0800 12020735
0431
ERS SYNDICATE MANAGEMENT LTD
0218
Active underwriter:Mark Bacon
08660963 0979
0260
Active underwriter:Neil Manvell
6115
Active underwriter:Mike Duffy
Stephen Gargrave
CANOPIUS MANAGINGAGENTS LTD
4444
Active underwriter:Mike Duffy
Stephen GargravePaul Dilley
2607 09622962
1607 27503786
NEWLINE UNDERWRITINGMANAGEMENT LTD
1218
Active underwriters:Philip Foley
PEMBROKE MANAGINGAGENCY LTD
4000
Active underwriter:Timothy Glover
Acappella2014
Active underwriter:David Bruce
RENAISSANCE RE SYNDICATE MANAGEMENT LTD
1458
Active underwriter:Ross Curtis
R&Q MANAGINGAGENCY LTD
DTW 1991
Active underwriter:Daniel Wright
R J KILN & CO LTD
0308
0510
0603 09550123
0557
Active underwriter:Catharine Garner
Active underwriter:Paul CulhamTimothy Prifti
Mark Mortlock David HucksteppPaul MacMillan
Active underwriter:David Huckstepp
1880
Active underwriter:Lloyd Tunnicliffe
Satoshi Naganuma
QBE UNDERWRITING LTD
0386 2999
1036
09800045
0456
27240566 0079
Active underwriter:David Harries
Active underwriters:Colin O’FarrellJonathan ParryAshis Bathia
12231156
08770561 07241215
SIRIUS INTERNATIONALMANAGING AGENCY LTD
1945
Active underwriter:Robert Harman
STARR MANAGING AGENTS LTD
CVS 1919
Active underwriter:Christopher Hancock
W.R. BERKLEY SYNDICATEMANAGEMENT LTD
1967
Active underwriter:Alastair Blades
SPORTSCOVER UNDERWRITING LTD
3334
Active underwriters:Murray Anderson
TALBOT UNDERWRITING LTD
1183
Active underwriter:James Skinner
2376
XL LONDON MARKET LTD
1209
Active underwriter:Neil Robertson
0990
1157
TRAVELERS SYNDICATE MANAGEMENT LTD
0183
5000
Active underwriter:Stephen Eccles
1211
1191
0227
2227
0582
0314
3002
Active underwriter:Nigel Guillaume-Smith
GIC6119
Active underwriter:Nicolas Burkinshaw
CATLIN UNDERWRITINGAGENCIES LTD
2003
Active underwriter:Nicolas Burkinshaw
Everest Re 6112
Active underwriter:Nicolas Burkinshaw
6111
Active underwriter:Nicolas Burkinshaw
Catlin-China Re2088
Active underwriter:Nicolas Burkinshaw
1003 01792600
10950439
0051
2020
1251
1028
3030
1250 0097
0672
1184
CHAUCER SYNDICATES LTD
Nuclear1176 1084
10961245 1224
12290396
Active underwriter:Michael Dawson
Active underwriter:John Fowle
12040587
2002
FARADAYUNDERWRITING LTD
0435
Active underwriters:Mark Rayner
Paul Ceurvorst
22530253
MARKEL SYNDICATEMANAGEMENT LTD
3000
Active underwriter:Jeremy Brazil
0554 0959
1228 0702 1009 1239
0329 1227
0588
0861
MITSUI SUMITOMO INSURANCEUNDERWRITING AT LLOYD’S LTD
3210
Active underwriter:Peter McDermottGraeme Rayner
NOVAE SYNDICATES LTD
2007
Active underwriters:Ian Burford
Robert Forster
1415
2147 100712411212
12340575 0584
LIBERTY SYNDICATE MANAGEMENT LTD
4472
0282
05730512 1088
0234
0808
1093
0190
Active underwriter:Matthew Moore
MARKETFORM MANAGING AGENCY LTD
2468
Active underwriter:Simon Lotter
3579
ATRIUM UNDERWRITERS LTD
0609
Active underwriter:Richard Harries 0570
ASTA MANAGINGAGENCY LTD
Ariel6117
Active underwriter:Andrew Milligan
D L Dale & Ors 2525
Active underwriter:David Dale
Andy Dore & Ors 2526
Active underwriter:Dominic Frost
Active underwriter:Adam Beatty
Active underwriter:Darren Lednor
Skuld1897
ICAT 4242
Active underwriter:Megan McConnell
1301
Active underwriter:Neil Attwood
TORUS UNDERWRITINGMANAGEMENT LTD
ANV SYNDICATE MANAGEMENT LTD
1861
Active underwriter:Richard Housley
Apollo1969
Active underwriter:Nicholas Jones
779
Active underwriter:Jon Clarke
5820
Active underwriter:Christopher Biles
0065
0062 0892
0350
1317
0744 1265
1242
THE CHANNEL MANAGINGAGENCY LTD
2015
Active underwriter:Thomas Corfield
BEAUFORT UNDERWRITING AGENCY LTD
0318
Active underwriter:Derek Eales
Dale U/W Partners1729
Active underwriter:Duncan Dale
Axis1686
Active underwriter:Alistair Robson
0958
Active underwriter:Paul DilleyMike Duffy
0529
Active underwriter:Michael Bennett
Nephila2357
0718 0240
AMTRUST AT LLOYD’S LTD
1206
Active underwriter:Andreas Loucaides
0044
Active underwriter:Martin Herrick
Ariel1910
Active underwriter:Andrew Milligan
BARBICAN MANAGINGAGENCY LTD
1955
Active underwriter:David Booth
6118
Active underwriter:David Booth
6113
Active underwriter:James Winn
0138 1210
S A MEACOCK & CO LTD
0727
Active underwriter:Michael Meacock
Managing Agent
Trading Syndicate
Interactively Assessed Syndicate
Ceased Syndicate
Corporate Member Guarantee
COLOUR CODING: FINAL UNDERWRITING YEAR
1994 2002
1995 2003
1996 2004
1997 2005
1998 2006
1999Partly1999
2007
2000
2009
2001
2010
2011Partly2001
KEY
SYND. CURRENT AGENT NAME
0028 Amlin Underwriting Ltd
0033 Hiscox Syndicates Ltd
0040 Amlin Underwriting Ltd
0044 AmTrust at Lloyd’s Ltd
0045 QBE Underwriting Ltd
0047 ACE Underwriting Agencies Ltd
0048 ACE Underwriting Agencies Ltd
0051 Catlin Underwriting Agencies Ltd
0052 Hiscox Syndicates Ltd
0062 ANV Syndicate Management Ltd
0065 ANV Syndicate Management Ltd
0079 QBE Underwriting Ltd
0097 Catlin Underwriting Agencies Ltd
0112 ACE Underwriting Agencies Ltd
0122 ACE Underwriting Agencies Ltd
0123 R.J. Kiln & Co. Ltd
0138 S A Meacock & Company Ltd
0172 Amlin Underwriting Ltd
0173 Amlin Underwriting Ltd
0179 Catlin Underwriting Agencies Ltd
0183 Travelers Syndicate Management Ltd
0190 Liberty Syndicate Management Ltd
0204 ACE Underwriting Agencies Ltd
0218 ERS Syndicate Management Ltd
0219 ACE Underwriting Agencies Ltd
0227 Travelers Syndicate Management Ltd
0234 Liberty Syndicate Management Ltd
0240 AmTrust at Lloyd’s Ltd
0250 Brit Syndicates Ltd
0260 Canopius Managing Agents Ltd
0282 Liberty Syndicate Management Ltd
0308 R J Kiln & Co. Ltd
0314 Travelers Syndicate Management Ltd
0318 Beaufort Underwriting Agency Ltd
0322 ACE Underwriting Agencies Ltd
0329 Markel Syndicate Management Ltd
0350 ANV Syndicate Management Ltd
0362 Amlin Underwriting Ltd
0375 ACE Underwriting Agencies Ltd
0382 Hardy (Underwriting Agencies) Ltd
0386 QBE Underwriting Ltd
0396 Chaucer Syndicates Ltd
0431 Brit Syndicates Ltd
0435 Faraday Underwriting Ltd
0439 Catlin Underwriting Agencies Ltd
0456 QBE Underwriting Ltd
0457 Munich Re Underwriting Ltd
0483 ACE Underwriting Agencies Ltd
0484 ACE Underwriting Agencies Ltd
0488 ACE Underwriting Agencies Ltd
0490 ACE Underwriting Agencies Ltd
0510 R.J. Kiln & Co. Ltd
0512 Liberty Syndicate Management Ltd
0529 Canopius Managing Agents Ltd
0545 ACE Underwriting Agencies Ltd
0546 ACE Underwriting Agencies Ltd
0552 Navigators Underwriting Agency Ltd
0554 Markel Syndicate Management Ltd
0557 R.J. Kiln & Co. Ltd
0561 QBE Underwriting Ltd
0566 QBE Underwriting Ltd
0570 Atrium Underwriters Ltd
0573 Liberty Syndicate Management Ltd
0575 Novae Syndicates Ltd
0582 Travelers Syndicate Management Ltd
0584 Novae Syndicates Ltd
0587 Chaucer Syndicates Ltd
0603 R.J. Kiln & Co. Ltd
0609 Atrium Underwriters Ltd
0623 Beazley Furlonge Ltd
0624 Hiscox Syndicates Ltd
0625 Hiscox Syndicates Ltd
0672 Catlin Underwriting Agencies Ltd
0702 Markel Syndicate Management Ltd
0718 AmTrust at Lloyd’s Ltd
0724 QBE Underwriting Ltd
0727 S A Meacock & Company Ltd
0732 ACE Underwriting Agencies Ltd
0735 Brit Syndicates Ltd
0744 ANV Syndicate Management Ltd
0779 ANV Syndicate Management Ltd
0780 Advent Underwriting Ltd
SYND. CURRENT AGENT NAME
0800 Brit Syndicates Ltd
0808 Liberty Syndicate Management Ltd
0820 Amlin Underwriting Ltd
0824 Amlin Underwriting Ltd
0866 ERS Syndicate Management Ltd
0877 QBE Underwriting Ltd
0887 Amlin Underwriting Ltd
0892 ANV Syndicate Management Ltd
0902 Amlin Underwriting Ltd
0913 Amlin Underwriting Ltd
0919 Amlin Underwriting Ltd
0920 Amlin Underwriting Ltd
0925 ACE Underwriting Agencies Ltd
0955 R.J. Kiln & Co. Ltd
0958 Canopius Managing Agents Ltd
0959 Markel Syndicate Management Ltd
0960 ACE Underwriting Agencies Ltd
0962 Canopius Managing Agents Ltd
0963 ERS Syndicate Management Ltd
0979 ERS Syndicate Management Ltd
0980 QBE Underwriting Ltd
0990 XL London Market Ltd
0998 ACE Underwriting Agencies Ltd
1003 Catlin Underwriting Agencies Ltd
1007 Novae Syndicates Ltd
1009 Markel Syndicate Management Ltd
1023 Navigators Underwriting Agency Ltd
1028 Catlin Underwriting Agencies Ltd
1036 QBE Underwriting Ltd
1084 Chaucer Chaucer Syndicates
1088 Liberty Syndicate Management Ltd
1093 Liberty Syndicate Management Ltd
1095 Catlin Underwriting Agencies Ltd
1096 Chaucer Syndicates Ltd
1110 Argenta Syndicate Management Ltd
1141 Amlin Underwriting Ltd
1156 QBE Underwriting Ltd
1157 XL London Market Ltd
1176 Chaucer Syndicates Ltd
1183 Talbot Underwriting Ltd
1184 Catlin Underwriting Agencies Ltd
1191 Travelers Syndicate Management Ltd
1200 Argo Managing Agency Ltd
1202 Brit Syndicates Ltd
1204 Chaucer Syndicates Ltd
1206 AmTrust at Lloyd’s Ltd
1209 XL London Market Ltd
1210 S A Meacock & Company Ltd
1211 Travelers Syndicate Management Ltd
1212 Novae Syndicates Ltd
1215 QBE Underwriting Ltd
1218 Newline Underwriting Management Ltd
1221 Navigators Underwriting Agency Ltd
1223 QBE Underwriting Ltd
1224 Chaucer Syndicates Ltd
1225 Aegis Managing Agency Ltd
1227 Markel Syndicate Management Ltd
1228 Markel Syndicate Management Ltd
1229 Chaucer Syndicates Ltd
1231 ANV Syndicate Management Ltd
1234 Novae Syndicates Ltd
1239 Markel Syndicate Management Ltd
1241 Novae Syndicates Ltd
1242 ANV Syndicate Management Ltd
1245 Chaucer Syndicates Ltd
1250 Catlin Underwriting Agencies Ltd
1251 Catlin Underwriting Agencies Ltd
1265 ANV Syndicate Management Ltd
1274 Antares Managing Agency Ltd
1301 Torus Underwriting Management Ltd
1317 ANV Syndicate Management Ltd
1414 Ascot Underwriting Ltd
1415 Novae Syndicates Ltd
1458 Renaissance Re Syndicate Management Ltd
1607 Canopius Managing Agents Ltd
1686 Asta Managing Agency Ltd
1729 Asta Managing Agency Ltd
1861 ANV Syndicate Management Ltd
1880 R.J. Kiln & Co. Ltd
1882 Chubb Managing Agent Ltd
1897 Asta Managing Agency Ltd
1910 Asta Managing Agency Ltd
SYND. CURRENT AGENT NAME
1919 Starr Managing Agents Ltd
1923 Alterra at Lloyd’s Ltd
1945 Asta Managing Agency Ltd
1955 Barbican Managing Agency Ltd
1967 W.R. Berkley Syndicate Management Ltd
1969 ANV Syndicate Management Ltd
1991 R&Q Managing Agency Ltd
2001 Amlin Underwriting Ltd
2002 Faraday Underwriting Ltd
2003 Catlin Underwriting Agencies Ltd
2007 Novae Syndicates Ltd
2010 Cathedral Underwriting Ltd
2012 Arch Underwriting at Lloyd’s Ltd
2014 Pembroke Managing Agency Ltd
2015 The Channel Managing Agency Ltd
2020 Catlin Underwriting Agencies Ltd
2040 Brit Syndicates Ltd
2088 Catlin Underwriting Agences Ltd
2121 Argenta Syndicate Management Ltd
2147 Novae Syndicates Ltd
2227 Travelers Syndicate Management Ltd
2232 Allied World Managing Agency Ltd
2322 ACE Underwriting Agencies Ltd
2323 Argenta Syndicate Management Ltd
2357 Asta Managing Agency Ltd
2376 Talbot Underwriting Ltd
2400 Brit Syndicates Ltd
2468 Marketform Managing Agency Ltd
2488 ACE Underwriting Agencies Ltd
2490 ACE Underwriting Agencies Ltd
2525 Asta Managing Agency Ltd
2526 Asta Managing Agency Ltd
2600 Catlin Underwriting Agencies Ltd
2607 Canopius Managing Agents Ltd
2623 Beazley Furlonge Ltd
2724 QBE Underwriting Ltd
2750 Canopius Managing Agents Ltd
2791 Managing Agency Partners Ltd
2800 Alterra at Lloyd’s Ltd
2962 Canopius Managing Agents Ltd
2987 Brit Syndicates Ltd
2999 QBE Underwriting Ltd
3000 Markel Syndicate Management Ltd
3002 Catlin Underwriting Agencies Ltd
3010 Cathedral Underwriting Ltd
3030 Catlin Underwriting Agencies Ltd
3200 Argo Managing Agency Ltd
3210 Mitsui Sumitomo Insurance Underwriting at Lloyd’s Ltd
3245 Argo Managing Agency Ltd
3334 Sportscover Underwriting Ltd
3579 Marketform Managing Agency Ltd
3622 Beazley Furlonge Ltd
3623 Beazley Furlonge Ltd
3624 Hiscox Syndicates Ltd
3786 Canopius Managing Agents Ltd
3820 Hardy (Underwriting Agencies) Ltd
4000 Pembroke Managing Agency Ltd
4020 Ark Syndicate Management Ltd
4040 HCC Underwriting Agency Ltd
4141 HCC Underwriting Agency Ltd
4242 Asta Managing Agency Ltd
4444 Canopius Managing Agents Ltd
4472 Liberty Syndicate Management Ltd
4711 Aspen Managing Agency Ltd
5000 Travelers Syndicate Management Ltd
5151 Montpelier Underwriting Agencies Ltd
5820 ANV Syndicate Management Ltd
6103 Managing Agency Partners Ltd
6104 Hiscox Syndicates Ltd
6105 Ark Syndicate Management Ltd
6107 Beazley Furlonge Ltd
6111 Catlin Underwriting Agences Ltd
6112 Catlin Underwriting Agences Ltd
6113 Barbican Managing Agency Ltd
6115 Canopius Managing Agents Ltd
6117 Asta Managing Agency Ltd
6118 Barbicam Managing Agency Ltd
6119 Catlin Underwriting Agencies Ltd
MANAGING AGENTS MANAGING SYNDICATES IN RUN-OFF
Current Managing agency name Current RITC Syndicate
Syndicates reinsured to close into
Admiral Group plc NA 2004
Centrewrite 6996 0332,0349, 1052, 1171,1204, 2171
Chaucer Syndicates Ltd 1084 4000, 4455
Highway Insurance Company NA 0037, 0293, 0330, 2037
R&Q Managing Agency Ltd 3330 0002, 0102, 0500, 0590, 0658, 0734, 0765, 1027, 1179, 1208, 1485, 2021, 2659
Vibe Syndicate Management Ltd 5678 0896, 0923, 0947, 0952, 0957, 0994, 1047, 1069, 1101, 1173, 1222, 1688, 1900, 2241, 2923, 2947
Riverstone Managing Agency Ltd 3500 0271, 0376, 0506, 1019, 1038, 2112, 2376, 2506
Shelbourne Syndicate Services Ltd 2008 0053, 0055, 0190, 0205, 0228, 0529, 0536, 0861, 0991, 1087, 1121, 1231, 1236, 1243, 1308, 1999, 5500, 6101, 6102
ORPHAN YEARS OF ACCOUNT CLOSED STATUS AT Q1 2014
SYND. YEAR MANAGING AGENT
1965 2009 Argenta Syndicate Management Limited
1965 2010 Argenta Syndicate Management Limited
1965 2011 Argenta Syndicate Management Limited
2468 2007 Marketform Managing Agency Ltd
5820 2010 Jubilee Managing Agency Limited
5820 2011 Jubilee Managing Agency Limited