Capita Managing Agency

Capita Managing Agency (CMA) can provide syndicate management on a start-up, permanent/evergreen or run-off basis.

CMA is authorised by the PRA and regulated by the PRA and FCA. It is also approved and regulated by Lloyd’s as a Managing Agency, offering services to both established insurance entities and new business start-ups.

We have a long history associated with run-off syndicate management and now manage live syndicates in the Lloyd’s market. We currently manage syndicate 1492 on behalf of Probitas Corporate Capital Limited.

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Our approach

End-to-end support

We can provide support and full management of syndicates, either on a permanent basis or to an arrangement that is suitable to your individual needs.

Efficiency and transparency

We ensure that every task is completed in an efficient way, with full transparency at every stage of the syndicate management process, so you can focus on underwriting.

Regulatory framework

Finance, risk and compliance are embedded in everything we do, so you can be confident that our services are provided to the highest standards.

With our assistance, the Allied World Syndicate 2232 successfully gained Lloyd's approval in 2014 to become it's own managing agency.

Specialist services

In October 2015 we added a new live portfolio with the establishment of Probitas syndicate 1492, which specialises in high-growth markets underwriting for the property and construction and the casualty insurance classes of business.

 

Our services

As an approved Lloyd's managing agency, Capita Managing Agency can provide syndicate management that suits your needs.

If you wish to enter the market on a start-up basis, we can work with you over a defined period on your entry to Lloyd’s and exit to your own managing agency.

We can fully support your Lloyd's business over the longer term – including handling your regulatory responsibility and risk management.

We have substantial experience managing run-off liabilities to extinction and until earlier in 2017 we managed syndicate 2255 on behalf of the Berkshire Hathaway Group.

In addition, we also currently manage syndicate 1492 on behalf of Probitas Corporate Capital Limited.

We commenced live underwriting management in 2010 with the establishment of the Allied World syndicate 2232. The syndicate has an Asia/Pacific focus geographically and underwrite in the following classes of business:

  • Property Direct and Facultative (including CAT XL, Open Market)
  • Casualty Treaty
  • Casualty (including Professional Indemnity, Financial Institutions, Director and Officers and General Liability)

With the assistance of the agency the Allied World Syndicate 2232 successfully gained Lloyd's approval in 2014 to become its own managing agency.

In October 2015 we added a new live portfolio with the establishment of Probitas syndicate 1492, which specialises in high growth markets underwriting the following classes of business:

  • Property and construction
  • Casualty insurance

We have a good working relationship with Lloyd’s New Entrant Department and are available to discuss new business opportunities with third parties.  In addition, the combination of our strong agency and access to back office support, via the wider Capita Group, enables us to offer clients a full menu of the services required by potential new entrants to Lloyd’s.

CMA syndicate 1492:

  • Established in 2015, supported by various Lloyd's corporate members
  • 2018 stamp capacity is £104.00 million
  • Operated via a box at Lloyd's and through Probitas 1492 Services Limited
  • Focus on high-growth markets, underwriting property, construction and casualty

CMA syndicate 2232:

  • Established in 2010, wholly supported by Swiss-domiciled Allied World Assurance Company Holdings AG
  • 2014 stamp capacity of £120.945 million
  • Operated via a box at Lloyd’s and through Lloyd’s Asia Service Company and Capita 2232 Services Pte
  • Business also accessed via Allied World Reinsurance Management Company (Miami-based Allied World owned coverholder)

Client testimonial

Capita, our transformation partner, has brought us the ‘A-team’ who are relentless in driving a scale of change that we couldn’t do ourselves. Importantly, we push each other to get things done as a single team pursuing a single digital vision and objective and creating value for the council and our citizens. It’s also important that Capita is, as a good partner should, sharing the pain and the gain on the programme.

Contact CMA

Get in touch if you have a question or would like to explore how our solutions could help your organisation.

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