Reinsurance News
Argenta
Argenta breaks down Lloyd’s syndicate forecasts
23rd August 2022
Lloyd's managing agent Argenta has broken down the forecast results for the 2020 and 2021 years of account released by Lloyd’s for all syndicates supported by third party capital, together with an aggregate position for those syndicates with an aligned capital base. As at June 30th, 2022, Argenta notes that the ... Read the full article
Argenta pulls out of Singapore
8th August 2022
Argenta has said that it is to cease writing new and renewal business in Singapore with immediate effect. The firm said that the decision followed a strategic review and a decision by the Argenta Syndicate Management to re-allocate capacity to other underwriting opportunities worldwide, including AUA’s branch offices in Australia which ... Read the full article
Moore to succeed Annandale as CEO of Argenta Syndicate Management
19th July 2022
Argenta Holdings Limited has announced the retirement of Andrew Annandale, Group CEO and Managing Director of Argenta Syndicate Management Limited (ASML) effective December 31st, 2022. He will be succeeded in both roles by ASML’s Deputy Managing Director and Chief Actuary, Nick Moore, subject to all necessary regulatory and Lloyd’s approvals. Moreover, Moore ... Read the full article
Argenta Private Capital appoints new members to Board
12th April 2022
Argenta Private Capital has appointed three new independent non-executive directors to its Board. The firm said it had appointed Cordelia Bowdery, Monica Burch, and Philip Glaze to be the members of its board. Bowdery is an associate investment partner at Veritas Investment Partners, Burch is the former senior partner at international law ... Read the full article
Argenta pegs industry hit from US tornados as high as $7bn
13th December 2021
Lloyd's managing agent Argenta says the freak tornado outbreak which devastated multiple US states over the weekend could drive industry losses as high as $7 billion. Mayfield, Kentucky Analysts believe the most suitable comparison to a past event is a derecho that hit Iowa in 2020. A derecho is essentially an ... Read the full article
Argenta exits Lloyd’s China platform
8th December 2021
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). This 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 ... Read the full article
Argenta announces two board appointments
30th June 2021
Argenta Private Capital Limited (APCL) has appointed two board members in newly created roles after David Monksfield announced he will be stepping down from his role as executive chairman as well as his other associated directorships. Monksfield will remain within the group as a senior consultant, holding a career which spans ... Read the full article
Argenta hires Fidelis exec Ian Burford
19th March 2021
Ian Burford has been appointed as Active Underwriter of Argenta Syndicate Management Limited's (ASML) Syndicate 2121 and SPA 6134, and will also join the Board of ASML as its Underwriting Director. In his new roles, Burford will report to Andrew Annandale, Managing Director of ASML and Chief Executive Officer (CEO) of ... Read the full article
Lloyd’s COVID-19 loss estimate may be conservative: Argenta
19th May 2020
Analysts at managing agency Argenta Group have argued that Lloyd’s has been conservative in its estimates of the insurance losses it will face due to the COVID-19 pandemic. The insurance and reinsurance marketplace previously said that it will pay customers between $3 billion and $4.3 billion in claims, out of ... Read the full article
Hannover Re capitalises new Argenta SPA 6134 at Lloyd’s
3rd April 2018
German reinsurance firm Hannover Re is capitalising a newly established Special Purpose Arrangement at Lloyd's to enhance the capacity available to Argenta Syndicate 2121. Argenta Holdings Ltd., now a subsidiary of Hannover Re since the reinsurer bought the Lloyd's managing agency and private capital specialist, owns the vehicle, and its ... Read the full article
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