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News focus - London market - New Lloyd's agency born as Chaucer strikes Quanta deal.
(From Reinsurance)
Lloyd's insurer Chaucer has announced that it has signed a preliminary agreement with Quanta Capital and the senior underwriting team of Syndicate 4000 to establish a new managing agency, Pembroke, to manage the syndicate. The agreement provides for Chaucer to hold a majority interest in Pembroke.
Under the terms of the heads of agreement, Quanta's capital remains committed to the syndicate, while Chaucer and Quanta said they would work together to diversify the provision of capital to the syndicate to ensure an orderly transfer of the business management to Pembroke.
Chaucer will agree to provide up to 10% of the secured capital to support underwriting capacity for 2007.
Syndicate 4000, ...
- Chaucer holdings to manage Kiln Syndicate 1204.
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Howard, Lisa S. November 10, 2003 700+ words
...business previously written by Syndicate 1204, Chaucer said in a statement. Syndicate...is expected to close into Chaucer Syndicate 1084, a plan that is subject...renewal rights for 2004. Chaucer Syndicate 1084 is expected to selectively...
- Quanta and Chaucer Holdings Agree to Create New Managing Agency for Lloyd's...
- Press release article from: Business Wire June 8, 2006 700+ words
...administrative support and oversight to Syndicate 4000, is a joint venture among Quanta, Chaucer and the Syndicate 4000 underwriting team. Quanta...capital remains committed to the syndicate, while Chaucer and Quanta will work together closely...
- Syndicate to cover U.S. catastrophes; Lloyd's unit 4242 to cater to midsize and...
- Magazine article from: Business Insurance Veysey, Sarah December 4, 2006 700+ words
...will write most of the syndicate's business through Lloyd...said in a statement. The syndicate will be managed by Chaucer Syndicates Ltd., Chaucer's managing agency. Chaucer manages multiline syndicate 1084 and nuclear syndicate...
- A.M. Best Affirms Ratings of Lloyd's Syndicate 1084 and Chaucer Holdings Plc.
- Press release article from: Business Wire August 9, 2006 700+ words
...bbb-" of Chaucer Holdings Plc...company of the syndicate's managing agency, Chaucer Syndicates Limited (CSL...loan stock of Chaucer Holdings Plc...stable. The syndicate benefits from...all Lloyd's syndicates. The ratings...
- A.M. Best Affirms Ratings of Lloyd's Syndicate 1084 and Affirms Issuer Credit...
- Press release article from: Business Wire July 13, 2005 700+ words
...of "a" of Lloyd's Syndicate 1084 (United Kingdom...the ICR of "bbb-" of Chaucer Holdings Plc (United Kingdom...ultimate parent company of the syndicate's managing agency, Chaucer Syndicates Limited (CSL). The...
- Quanta and Chaucer Formalize Agreement to Create Pembroke Managing Agency for...
- Press release article from: Business Wire October 25, 2006 700+ words
...among Quanta, Chaucer and the Syndicate 4000 underwriting...remains committed to Syndicate 4000 for underwriting...Additionally, Chaucer and Quanta plan...capital to the Syndicate to support its...Lloyd's market. Chaucer has agreed to...
- Updates; Quanta, Chaucer discuss joint venture.(Paris Re Holdings Ltd)(Quanta...
- Magazine article from: Business Insurance June 12, 2006 700+ words
...Pembroke will be a joint venture between Quanta, Chaucer and the underwriting team of the syndicate. Chaucer-whose managing agency, Chaucer Syndicates Ltd., previously managed syndicate 4000-will provide up to 10% of capital needed to...
- Harte-Hanks Trillium Software Selected by Chaucer Insurance for Data...
- Press release article from: M2 Presswire November 4, 2009 700+ words
...analysts, syndicate underwriters and their staff. Chaucer's business...brokers, its syndicates and from Lloyd...About Chaucer Chaucer Syndicates Limited is...Managing Agency of Chaucer Holdings PLC...business are Syndicate 1084, which...
