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While the Lloyd’s Captive Syndicate proposition is mostly appealing to the largest, most sophisticated clients it provides an environment for insureds to future proof their risk financing strategies, according to William Thomas-Ferrand, international captive practice leader at Marsh Captive Solutions.

Despite the first Lloyd’s Captive Syndicate being formed this year, there is unlikely to be a sudden surge of new captive syndicates as the proposition is expected to appeal to only the largest multinational organisations in the short term.

Captive Syndicate 1100 has been launched at Lloyd’s of London, to be managed by Apollo Syndicate Management Ltd, and is the first Captive Syndicate in the market since the turn of the century.

Davies has received regulatory approval for its European broking operations which will bring its services to companies across the European Union.

Lloyd’s of London will not rush its first Captive Syndicate formation and is keen to find the right candidates, according to CEO John Neal.

The much anticipated Lloyd’s Captive Syndicate is expected to be used as a complement to existing captive strategies and likely by organisations that already own one or more captives in traditional domiciles.

In this GCP Short we provide more context and detail on what the much mooted Lloyd’s Captive Syndicate is, how it will work and what kinds of companies it might be suitable for.

Lloyd’s of London is working with an applicant which could establish the first Captive Syndicate in over 20 years, while the London Market Group (LMG) remains confident that the UK government remains keen to pursue a wider captive regime outside of Lloyd’s.

Increasingly complex and sophisticated captive insurance companies should be seeking more value from their boards and independent non-executive directors, according to Stephen Cross, group COO & head of innovation & strategy at broker McGill & Partners.

The premiums received by Washington DC-domiciled Government Entities Mutual (GEM) have tripled over the past five years as government bodies counter rising costs and a lack of capacity brought about by the hard market, according to Andrew Halsall, president and CEO at GEM.