Lloyd’s has approved a new syndicate, Syndicate 1919, which will be
capitalized by C.V. Starr (25%) and Starr International Investments Limited (75%). The syndicate aims to start underwriting on October 1, 2006, targeting aviation, energy and marine lines.
It will be managed by Marlborough Underwriting Agency Limited (MUAL), a wholly owned subsidiary of Berkshire Hathaway. This is subject to the necessary regulatory approval.
The active underwriter will be Chris Hancock, who was previously at Faraday.
C. V. Starr & Co. Inc. is an independently-owned holding company with insurance agencies and a portfolio of global investments.
Starr International Investments Limited is an investment company owned by Starr International Company, operating an international investment business with more than $ 18B in assets.
Marlborough Underwriting Agency Limited (MUAL) is a wholly owned subsidiary of Berkshire Hathaway and currently manages syndicate 1861.
Source: C.V. Starr
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