Arch Insurance International Renames Barbican Syndicate 1955

Arch Insurance International has announced the change of name of Barbican Syndicate 1955 to Arch Syndicate 1955, with effect from Jan. 1, 2021.

The rebranding of Syndicate 1955 forms part of the ongoing integration of Barbican Insurance Group into Arch Capital Group Ltd. It follows the recent announcement of the launch of Arch Managing Agency Ltd. to combine Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd into a single entity.

In addition, the company announced that for 2021 it will introduce a split stamp strategy across Arch Syndicate 1955 and Arch Syndicate 2012.

The strategy will apply across a number of insurance lines for risks incepting on or after Jan. 1, 2021, including: cyber & tech PI, fine art & specie, general liability, healthcare, management liability, marine war, offshore and onshore energy, and terrorism.

Syndicate 1955’s reinsurance lines will not be affected by the split stamp strategy.

“The renaming of Syndicate 1955 is another key step in the seamless integration of Barbican into our organization, as we continue to enhance our scope and relevance to brokers within the Lloyd’s market,” commented Simon Williams, active underwriter for Syndicate 1955 and chief strategy and distribution officer.

“The introduction of the split stamp strategy will allow us to achieve greater flexibility and improved efficiency for both our customers and brokers,” he said.

About Arch Insurance International

Arch Insurance International is part of Bermuda-based Arch Capital Group Ltd. and includes Arch Insurance UK and the P/C insurance operations of Arch Insurance (EU) dac, as well as Arch’s insurance operations in Europe, Bermuda and Australia.

Source: Arch Insurance International