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Probitas 1491 hires Ezeugo Aguta as new head of cyber strategy and innovation

11th October 2022

Probitas 1492 has hired Ezeugo Aguta to be its new head of cyber strategy and innovation. The firm said in a statement that Aguta will spearhead the development of the firm’s technical capabilities. This will, said the company, be accomplished through the establishment of Probitas Labs. Probitas Labs focus on three main ... Read the full article

Probitas 1492 to enter split RITC transaction with Enstar to cover exposures

5th September 2022

Probitas 1492, an underwriting Syndicate at Lloyd’s of London, has announced that its managing agent, Probitas Managing Agency Limited, has signed an agreement with Enstar to undertake a split reinsurance-to-close (RITC) transaction to cover previous account exposures. Specifically, the RITC will cover the 2018 and prior years of account exposures of ... Read the full article

Probitas sees gross written premiums rise quicker than expected

16th August 2022

Probitas has said in its latest results that following a mid-year pre-emption of the 2022 Year of Account, gross written premiums for its Syndicate are expected to increase from an original plan of £202.5m to £223.5m. A further 22% increase to £271m is planned for the 2023 Year of Account. According ... Read the full article

Probitas commences underwriting cyber 

4th July 2022

Probitas 1492, a Lloyd's underwriting syndicate specialising in property, construction and casualty, will now underwrite cyber. Richard Taylor, its Head of Cyber & Technology, is tasked with focusing the business on cyber risks. He said: “We have spent the past couple of months establishing Cyber as a new line ... Read the full article

Probitas 1492 hires Richard Taylor as Head of Cyber & Technology

25th April 2022

Probitas 1492, an underwriting Syndicate at Lloyd’s of London has appointed former Munich Re Syndicate Limited, Senior Cyber Underwriter - Richard Taylor, to Head of Cyber & Technology. Within his new role at Probitas 1492, Taylor brings over 13 years of experience within the industry. During his time at Munich Re Syndicate ... Read the full article

Probitas opens Probitas 1492 (Europe) to underwrite EEA business

25th March 2022

Probitas 1492 announces the opening of Probitas 1492 (Europe) SRL/BV, based in Brussels and with a branch office in London, to underwrite business in the European Economic Area (EEA). Probitas 1492 (Europe) is a service company and part of the Probitas Group of companies. It is regulated by the FSMA as ... Read the full article

Probitas 1492 gains approval for new managing agency

25th August 2021

Probitas 1492, an underwriting Syndicate at Lloyd’s of London, has announced that its managing agent, Probitas Managing Agency Limited (PMA), has received all necessary approvals to assume responsibility for Syndicate 1492. The management of the Syndicate will now transfer from Capita Managing Agency Limited to PMA on 1st September 2021. Probitas 1492 ... Read the full article

Probitas 1492 announces plans to launch a new managing agency

19th June 2020

Probitas 1492, an underwriting Syndicate at Lloyd's of London, has announced plans to establish a new managing agent, Probitas Managing Agency Limited (PMAL) to assume the management of Syndicate 1492 from Capita Managing Agency Limited. Lloyd's has granted Probitas 1492 'in principle' approval to establish the new managing agent, PMAL, which, ... Read the full article

Lloyd’s Syndicate Probitas 1492 launches in Mexico

29th January 2018

Probitas 1492 has become the first Lloyd's Syndicate to open in Mexico, joining the Representative Office of Lloyd’s in Mexico. The regional office will serve the wider Latin American region, and will initially focus on providing facultative reinsurance for casualty and property business. The strategy will be led by Gabriel Anguiano, who will ... Read the full article

Probitas 1492 names Mark Smith as Senior Underwriter

18th January 2018

Probitas 1492 has named Mark Smith as Senior Underwriter for Management Liability in the Financial Lines team. Smith, who joins Probitas from QBE, is set to take responsibility for the syndicate’s Management Liability portfolio. Neila Buurman, Chief Underwriting Officer for Casualty, commented; "we are very excited that Mark has joined the team ... Read the full article

Probitas 1492 signs MOU with Saudi Re to acquire nearly 50% of its Bermuda holding firm shares

17th July 2017

Probitas 1492 - a Lloyd's underwriting syndicate specialising in property, construction and casualty insurance and reinsurance solutions has signed a Memorandum of Understanding with Saudi Re to acquire nearly 50% of the Ordinary Shares of its holding company Probitas Holding Bermuda Ltd (PHBL). Ash Bathia, CEO Probitas, commented that the substantial involvement of ... Read the full article

Enstar completes loss portfolio transfer with Argo

10th November 2022

Enstar has completed a loss portfolio transfer with underwriting firm Argo to reinsure a number of its direct US casualty insurance portfolios relating to accident years 2011 to 2019. Enstar’s subsidiary covers ground up reserves of $746m and an additional $275m of cover in excess of $821m, up to a policy ... Read the full article

Enstar reports net loss of $444mn in Q3 2022

3rd November 2022

Enstar Group has reported a net loss of $444 million in the third quarter of 2022, compared to a net loss of $196 million in the third quarter of 2021. This contrasted with the firm saying that its net loss for the year currently stands at $1.2 billion, compared to net ... Read the full article

Price Forbes bolsters LatAm presence with Gabriel Anguiano hire

19th April 2021

Independent insurance broker Price Forbes has announced the appointment of Gabriel Anguiano, as the company looks to bolster its presence in the Latin America market. Anguiano joins from Lloyd’s syndicate Probitas 1492, where he was Head of Strategy and Business Development for Latin America. During his time at Probitas he opened the ... Read the full article

HDI Global Specialty bolsters Management Liability, FI team with Neon hires

29th June 2020

HDI Global Specialty SE, the collaborative specialty insurance venture between HDI Global and Hannover Re, has added Louise Parker and Charles Boorman to its Management Liability & Financial Institutions team. Both join the specialty lines insurer’s London office from Neon Syndicate 2468 with immediate effect. Parker joins as Senior Underwriter Management Liability ... Read the full article