Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act as a managing agency for Syndicate 5886.
The effective date of transfer of management from Asta to Blenheim was 6 August 2021 and follows the “approval in principle” it received from Lloyd’s in March 2020. (Asta is a third-party managing agent at Lloyd’s).
Blenheim manages Syndicate 5886 which has underwriting capacity for 2021 of £325 million ($449.4 million).
Blenheim Underwriting Ltd. is a wholly owned subsidiary of White Bear Capital Ltd.
“This is a significant milestone for the group that the team has worked hard to achieve. We would like to thank Asta for acting as our managing agent in the syndicate’s formative years and we look forward to the future as an independent business,” commented Peter Scales, CEO of London-based White Bear Capital and a director of Blenheim.
Source: Blenheim Underwriting Ltd.
Topics Excess Surplus Underwriting Talent Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud 
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement 
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
