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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.”

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