Syndicate Management
Capita provides all services, at all stages of a syndicate’s life cycle. From governance and oversight through to processing, IT and complete back office support.
Run-off
A range of services for closed books of business and run-off syndicates, including support for RITC and LPT transactions. We can also draw on our back office service to provide underwriting, claims and client finance support.
Start Up
Helping get new businesses and Lloyd’s syndicates up and running.
Syndicate-in-a-box
Supporting the entry of new syndicates to Lloyd’s including:
Assessment of business plans and review of expense costs
Working with Lloyd’s to gain new entrant approval
Providing Government and regulatory ongoing oversight
Live
A range of services for open books of business and live syndicates, including:
Underwriting, claims and client finance work
Regulatory governance and risk management for Lloyd’s syndicates
The syndicate management team works with clients to deliver, or support, the following suite of services, according to bespoke needs:
Capita Managing Agency - Syndicate Management Matrix |
Key |
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A. Syndicate approval |
B. Syndicate Strategy |
C. Underwriting & Claims |
D. Underwriting Management |
E. Governance and risk |
F. Syndicate Operations |
G. Finance |
H. Actuarial |
J.Corporate member |
K. Managing Agency |
Client |
These would be subject to Managing Agency oversight. |
Syndicate proposal |
Syndicate Strategy |
Pricing Models |
Risk-taking controls |
Legal |
Facilities/BCP |
Management of External audit |
Rating tool development |
Raise capital |
Governance (Board) |
Capita Managing Agency |
These are our usual Managing Agency services. |
Syndicate HLP |
Distribution strategy |
Risk acceptance |
Peer review |
Risk management oversight |
HR |
Syndicate Tax Returns |
Capital model |
Create corporate member |
Lloyd's Min Standards |
Joint |
These are areas where we both need to contribute. |
Lloyd's approval process |
RI strategy |
Policy & aggregate data entry |
Exposure management |
Compliance oversight |
Policy admin system |
Setting up and monitoring of Working capital facility |
Internal model use |
Manage CIL |
Policy and procedures |
Capita Commerical Insurance Services |
CMA's sister company providing outsourced back office services. |
Syndicate business plan |
Pricing strategy |
PBQA & Sanctions checks |
Exception handling |
Company secretarial |
Claims system |
Investment management |
Internal model validation |
Regulatory and Tax returns |
Regulatory framework and advice |
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Lloyd's MIH |
Capital Strategy |
Claims handling |
Underwriting Management |
Internal audit |
Workflow application |
Regulatory and Financial reporting preparation |
Reserving |
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Recruitment & Resources |
SBF Production |
RI Purchase |
Independent peer review |
ORSA |
Exposure (Cat) management system |
Book-keeping credit control |
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RI processing |
RI Oversight |
MI / Data warehouse |
Lloyd's reporting |
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Claims Oversight |
IT hosting/ data services |
Financial reporting |
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DUA & Customer Oversight |
Outsource oversight |
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Price monitoring |
Lloyd's Bureau processing |
Syndicate Initialisation
Syndicate proposal
Syndicate HLP
Lloyd’s approval process
Syndicate business plan
Lloyd’s MIH
Recruitment & resources
Syndicate strategy
Distribution strategy
RI strategy
Pricing strategy
Capital strategy
SBF production
Underwriting, Claims & RI
Pricing models
Risk acceptance
Policy and aggregate data entry
PBQA and sanctions checks
Claims handling
Risk-taking controls
Exposure management
Exception handling
Underwriting management
Independent peer review
Catastrophe modelling
DUA and customer oversight
RI oversight
Claims oversight
RI purchase
Governance, Risk & Compliance
Legal
Risk management oversight
Compliance oversight
Governance (Board)
Company secretarial
Internal audit
ORSA
Lloyd’s minimum standards
Policy and procedures
Regulatory framework and advice
Finance & Actuarial
External audit
Tax
Working capital facility
Investment management
Financial reporting
Book-keeping credit control
Rating tool development
Capital model
Internal model use
Internal model validation
Reserving
Price monitoring
Raise capital
Create corporate member
Manage CIL
Regulatory and tax returns
Lloyd’s reporting
Our experienced leadership team is responsible for the strategy and direction of the business:

Simon Sykes
Chief Executive Officer
Prior to Capita, Simon spent five years at Vibe Syndicate Management Ltd and Plus Risk Ltd as the Director of Underwriting Operations and Chairman. Simon held senior…

Sarah Wilton
Independent Non-Executive Chair of the Board
Sarah has extensive senior executive experience in due diligence, post-acquisition integration, acquisitions, disposals, IPO and other capital transactions – in the UK, Europe and US…

David Hope
Independent Non-Executive Director
David’s previous roles include Chief Underwriting Officer and Chief Executive Officer of Torus Insurance, President, Marine and Energy, and Chief Executive Officer of Navigators London from…

Ken Curtis
Independent Non-Executive Director
Ken is a chartered accountant with over 25 years’ insurance market experience. He joined the CMA Board as a Non-Executive Director in January 2020. Prior to this, Ken held the position of Director of Finance…

Ian Bremner
Independent Non-Executive Director
Iain Bremner is a widely experienced insurance professional with over 33 years’ FCCA qualified service. He has held board executive positions for most of this time, including being CEO or Managing Director…
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Brexit
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies.
Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at:
COVID-19
A test-case was brought in court against what the FCA considered to be a range of non-damage BI policy wordings that were representative of those used by the insurance industry.
The aim of the test-case was to determine the interpretation of certain clauses within policies that include non-damage BI. They hoped that this would assist in providing greater clarity to insurers and policyholders alike in the handling of COVID-19 claims.