Barbican to manage new Lloyd’s Syndicate

Barbican Insurance Group has today announced that Barbican Managing Agency Limited has received ‘in principle’ approval from the Lloyd’s Franchise Board to manage a new syndicate at Lloyd’s.

Syndicate 1856 will be capitalised with funds managed by Credit Suisse’s ILS team and will have a first year stamp capacity of £90m. Subject to Lloyd’s formal permission, the syndicate will begin underwriting business attaching on or after 1 January 2016.

View pdf