The Barbican Insurance Group trades at Lloyd's as Barbican Syndicate 1955, with a stamp capacity for 2010 of £180 million. In addition to Syndicate 1955, the Group includes a non-Lloyd’s Financial Solutions business, underwritten by Barbican Reinsurance Company Limited, based in Guernsey. Barbican Reinsurance Company Ltd provides the Funds at Lloyd’s on behalf of Syndicate 1955.
Also based in Guernsey, Barbican Channel Islands is a domestic underwriting business using our capacity in Lloyd’s to provide commercial insurance solutions for the Channel Islands marketplace.
Barbican Insurance Group is owned in part by the people who run it day-to-day. The members of the Barbican executive team, along with the company’s senior managers, have invested their own money in the business. Adding up to a significant shareholding, there could be no better guarantee of commitment to the company.
Two leading US investment funds are also backers of Barbican Insurance Group. They are as committed as our own people are to the long-term success of the business and see their initial investment as the first wave of support.
Barbican Syndicate 1955
Barbican Syndicate 1955 comprises five specialist underwriting divisions covering ten different lines of business. The divisions are as listed here:
Marine, Aviation and Transport
The Marine, Aviation and Transport division encompasses both Marine Reinsurance and Marine Insurance. It underwrites General Aviation and Aerospace business as well.
Non-Marine Reinsurance
The Non-Marine Reinsurance division incorporates three different lines of business. They are International Casualty Reinsurance; North American Casualty Reinsurance; and Property Reinsurance.
Property
The Property division operates in two sectors: Open Market and Binding Authorities. Nuclear insurance also comes under this division.
Specialty
The Specialty division takes in three separate portfolios: Healthcare Liability; Cyber Liability; and Financial & Professional Lines.
UK Insurance
The primary focus of the UK Insurance division is on corporate, middle market and scheme/affinity group clients in the UK and Ireland.
Barbican Channel Islands also comes under this division, offering commercial insurances specifically designed for the Channel Islands marketplace.
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