Arch Insurance International, a division of Arch Capital Group Ltd., has changed the name of Barbican Syndicate 1955 to Arch Syndicate 1955, effective January 1st, 2021.
The rebranding is part of the ongoing integration of Barbican Insurance into Arch, and follows the launch of Arch Managing Agency Ltd to combine Arch Underwriting at Lloyd’s and Barbican Managing Agency into a single entity.
Additionally, Arch has announced that for 2021 it will introduce a split stamp strategy across Arch Syndicate 1955 and Arch Syndicate 2012.
This new strategy will apply across various lines of insurance for risks incepting on or after Jan 1st, 2021, including: cyber & tech PI; fine art & specie; general liability; healthcare; management liability; marine war; offshore and onshore energy; and terrorism.
The rebranded Syndicate 1955’s reinsurance lines of business will not be impacted by Arch’s split stamp strategy.
Simon Williams, Active Underwriter for Syndicate 1955 and Chief Strategy and Distribution Officer for Arch Insurance International, commented: “The renaming of Syndicate 1955 is another key step in the seamless integration of Barbican into our organisation, as we continue to enhance our scope and relevance to brokers within the Lloyd’s market.
“The introduction of the split stamp strategy will allow us to achieve greater flexibility and improved efficiency for both our customers and brokers.”
