Menu

Reinsurance News

HSCM Bermuda backs AIG’s Syndicate 2019 at Lloyd’s

11th May 2020 - Author: Matt Sheehan

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.

hudson-structured-capital-management-logoThe 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.

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:
Athene reports Q1 loss, sees COVID-19 mark-to-market impacts as transitory

Athene Holding Ltd. has reported a net loss of $1.1 billion for the first-quarter of 2020, primarily as a result...

Close