Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘syndacate’

Victor presenta il Lloyd’s Syndicate 2288

Posted by fidest press agency su sabato, 14 dicembre 2019

Victor Insurance Holdings, la più grande Managing General Underwriter (MGU) a livello mondiale, annuncia l’approvazione da parte di Lloyd’s, specialista nel mercato assicurativo, alla costituzione del Victor Syndicate 2288. Le sottoscrizioni partiranno dal 1° gennaio 2020, con una capacità di 57 milioni di sterline a fronte di un business plan di 100 milioni di dollari.Managing Agent di Victor Syndicate 2288 sarà Asta, che fornirà la supervisione della sottoscrizione ed supporto operativo. Victor Syndicate 2288 affiancherà infatti Victor nella sottoscrizione dei rami Danni negli Stati Uniti, nel Regno Unito, in Italia e nei Paesi Bassi. Il syndicate offrirà inoltre ai soci di capitale la possibilità di partecipare ai rischi sottoscritti dai suoi centri di Boulder (Colorado, USA), Londra (Regno Unito), Rotterdam (Paesi Bassi) e Milano in Italia.“Abbiamo una lunga storia di collaborazione con Lloyd’s, in qualità di fornitori di copertura, e siamo lieti di estendere la nostra relazione strategica in un mercato così vitale. L’approccio orientato al digitale di Lloyd’s si sposa perfettamente con l’innovazione tecnologica di Victor, oltre che con i nostri piani di espansione internazionale” ha dichiarato Anthony Stevens, Presidente di Victor International.

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AM Best Withdraws Credit Ratings of Lloyd’s Syndicate 510

Posted by fidest press agency su domenica, 16 giugno 2019

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Lloyd’s Syndicate 510 (Syndicate 510) (United Kingdom), which is managed by Tokio Marine Kiln Syndicates Limited (TMKS). The outlook of these Credit Ratings (ratings) remains stable. Concurrently, AM Best has withdrawn the ratings as the syndicate has requested to no longer participate in A.M. Best’s interactive rating process.The Lloyd’s market rating is the floor for all syndicate ratings, reflecting the Lloyd’s chain of security and, in particular, the role of the Central Fund, which partially mutualises capital at the market level. The ratings of Syndicate 510 reflect the balance sheet strength of the Lloyd’s market, which AM Best categorises as very strong, as well as the market’s strong operating performance, favourable business profile and appropriate enterprise risk management.For the 2019 year of account, the syndicate’s capacity was maintained at GBP 1.1billion. Approximately 56% of Syndicate 510’s capital is provided by Tokio Marine Underwriting Limited, the ultimate parent of which is Tokio Marine Holdings, Inc. The remainder of the capital is provided by third party Lloyd’s members.The syndicate’s recent technical performance has been broadly in line with the overall Lloyd’s market, demonstrated by a five-year weighted average combined ratio of 98% (2014-2018). In 2018, Syndicate 510 recorded a combined ratio of 103%, affected by catastrophe losses in North America. The impact from catastrophe losses was in line with AM Best’s expectations given the size and frequency of catastrophe events during the year.
The business profile of all syndicates is linked inextricably to that of Lloyd’s, which has a strong position in the global general insurance and reinsurance markets. The collective size of the Lloyd’s market allows Syndicate 510 to compete under the Lloyd’s brand with international groups. Syndicate 510 is one of the largest syndicates at Lloyd’s, ranking seventh based on 2018 gross written premiums. It writes a diversified portfolio by geography and line of business comprising property and special lines, marine and special risks, enterprise risk, accident and health, reinsurance and aviation.

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