Arch Insurance International has announced the rebrand of Barbican Syndicate 1955 to Arch Syndicate 1955, effective 1 January 2021.
The rebrand forms as part of the ongoing integration of Barbican Insurance Group into Arch Capital Group Ltd and follows the recent launch of Arch Managing Agency Ltd to combine Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd into a single entity.
Arch has also announced that it will introduce a split stamp strategy across Arch Syndicate 1955 and Arch Syndicate 2012 in 2021. This will apply across numerous lines of insurance for risks incepting on or after 1 January 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 of business will not be impacted by Arch’s split stamp strategy.
Simon Williams, active underwriter for Syndicate 1955 and chief strategy and distribution officer for Arch Insurance International, commented: “The renaming of Syndicate 1955 is another key step in the seamless integration of Barbican into our organisation, as we continue to enhance our scope and relevance to brokers within the Lloyd’s market.
The introduction of the split stamp strategy will allow us to achieve greater flexibility and improved efficiency for both our customers and brokers.”