Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has announced that it has provided capital support for Lloyd’s newly launched Syndicate 2019.
The investment manager, which conducts its insurance and reinsurance business as HSCM Bermuda, says the move represents an opportunity to access the high-net worth personal lines market.
Syndicate 2019 is the largest ever to be launched through the specialist Lloyd’s of London re/insurance marketplace, and will exclusively write risks from AIG’s Private Client Group (PCG).
Managed by Talbot Underwriting, the managing agency AIG acquired in 2018 as part of the Validus transaction, Syndicate 2019’s current coverages include homeowners, auto, collections, yacht, personal umbrella and specialty coverage for earthquake, excess flood and workers compensation.
“We are delighted to invest in Syndicate 2019,” said Michael Millette, Managing Partner of HSCM, “and are excited to support this pioneering and innovative syndicate that provides unique access to the high-net worth market through Lloyd’s.”
Syndicate 2019 received approval to commence underwriting on May 4th.
