Reinsurance News

Argenta exits Lloyd’s China platform

8th December 2021 - Author: Charlie Wood

Argenta Syndicate Management Limited (ASML), a subsidiary of the broader group, is to cease underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL).

ArgentaThis decision is effective immediately.

ASML says it will work with LICCL to continue servicing existing business, and ensure that the run-off is conducted in an effective and orderly manner.

“The decision to withdraw our support from the Lloyd’s China platform has not been taken lightly and will enable us to simplify operations and focus on the development of our London underwriting base and other international platforms,” said Andrew Annandale, Managing Director of ASML and Chief Executive Officer of ASML’s parent, Argenta Holdings Limited.

“I would like to put on record my sincere thanks for the hard work and professionalism shown by Argenta’s underwriting division staff within LICCL during the past six years against a backdrop of challenging market conditions.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
WTW names new Director of Strategic Growth

Willis Towers Watson (WTW) has appointed Kishan Dasan as Director of Strategic Growth, Construction and Natural Resources Australasia. Dasan will...