Barbican News

Arch Capital Group Finalizes Acquisition of Barbican Group Holdings

Arch Capital Group Ltd. announced the completion of its previously disclosed acquisition of Barbican Group Holdings Ltd. (Barbican), including Barbican Managing Agency Ltd., Lloyd’s Syndicate 1955, Castel Underwriting Agencies Ltd. and other associated entities. “We are excited to complete this …

Arch Capital to Acquire UK-Based Barbican Group Holdings

Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Ltd., Lloyd’s Syndicate …

Barbican Names McGurk from Standard’s Syndicate 1884 as D&O Class Underwriter

Barbican Insurance Group announced the appointment of Sarah McGurk as class underwriter for directors’ & officers’ liability insurance. Working as part of the financial lines division, she will report to Hans Sherman, underwriting manager D&O. McGurk has extensive experience in …

Barbican Strengthens Cyber Cover with Incident Response, Phishing Exercises

Barbican Insurance Group announced it has further strengthened its cyber insurance cover by providing incident response exercises and phishing simulation as part of the overall package. The guidance will be delivered by enterprise risk and cyber security consulting firm TSC …

ArgoGlobal Launches Lloyd’s Market Motor Treaty Consortium, Supported by Barbican

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of the first Lloyd’s market consortium for motor treaty business. The consortium, led by ArgoGlobal and supported by Barbican Insurance Group, was established in time for Jan. 1 …

Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will allow brokers to fully bind through one underwriter, with Talbot …

Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group

Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was elected by the members of the panel on June 5. …

Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View

Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable …