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.
In April, Captive Intelligence reported that the historic insurance marketplace is working with an applicant that could establish the first Captive Syndicate in Lloyd’s in more than 20 years.
Richard is joined by two professionals that know Lloyd’s and the business of launching and managing syndicates like the back of their hand.
Keith Nevett is Head of Business Development at managing agent Asta, which is part of the Davies Group, and Bob Stevenson, a Consultant with Asta.
Whittington, the precursor to Asta, was in fact the managing agent for those three original captive syndicates in the 1990s.
Bob worked for Lloyd’s from 2005 to 2017, and prior to that he was buyer of reinsurance at several large multinational insurers.
Keith and Bob demystify much of how Lloyd’s operates, what the benefits of a Captive Syndicate may be and how it is managed, and the different ways they can see a Lloyd’s Captive can fit into and complement a multi-captive strategy.
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