Advertise on Reinsurance News

Menu

Reinsurance News

Charles Taylor Managing Agency puts Syndicate 1884 into run-off

19th October 2018 - Author: Matt Sheehan

Charles Taylor Managing Agency has announced that it has placed Syndicate 1884 into run-off, following the decision of the syndicate’s capital provider to withdraw from the Lloyd’s market for the 2019 underwriting year.

charles-taylor-managing-agency-logoThe company said that it believes there will be increased demand for live and run-off syndicate management capabilities in the Lloyd’s market, and intends to continue to manage the run-off of Syndicate 1884.

Charles Taylor added that the syndicate will write business for the remainder of 2018 and will enter run-off on 1 January 2019.

“We are very confident in the prospects for Charles Taylor Managing Agency, both as a manager of live and run-off syndicates,” said Barnabas Hurst-Bannister, Chairman of Charles Taylor Managing Agency.

“We established the managing agency as a thirdparty syndicate manager in 2015 and developed up-to-the-minute systems and processes, designed specifically for that purpose,” he continued.

Jon Hancock, Performance Management Director at Lloyd’s, also commented: “Lloyd’s is pleased to continue to work with and support Charles Taylor Managing Agency. We are confident that Syndicate 1884 will be run-off in an orderly and professional manner and that policyholders’ interests will be protected.”

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 article:
$25m Q3 catastrophe losses expected by Argo Group

International underwriter of specialty re/insurance products Argo Group International Holdings has announced a preliminary pre-tax catastrophe loss estimate for Q3...

Close