Reinsurance News

Arch combines Lloyd’s units under one brand

22nd September 2020 - Author: Matt Sheehan

Arch Insurance International, a subsidiary of Bermudian re/insurer Arch Capital Group, Ltd., has combined its Lloyd’s managing agency units into a single business, called Arch Managing Agency Limited.

ArchThe new brand brings together Arch Underwriting and Barbican Managing Agency Ltd. into a single operation.

It will manage Syndicate 2012, Syndicate 1955, Arcus 1856 and Toa Re Special Purpose Arrangement 6132 at Lloyd’s.

The move follows on from Arch’s acquisition of Barbican Group Holdings Limited from owner investor Carlson Capital back in December 2019.

Arch Managing Agency Limited will be led by Managing Director Ben Canagaretna, who will report to Hugh Sturgess, President & CEO, Arch Insurance International.

Prior to joining Arch Insurance International, Canagaretna was Group Chief Actuary at Barbican Insurance Group.

Sturgess commented: “By establishing a single managing agency we can better support our four Lloyd’s operations to enhance their market position and promote an environment that is beneficial to our third-party capital partners.”

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