Blenheim Syndicate 5886 was granted approval by Lloyd’s to commence underwriting from 1st January 2017 with an initial underwriting capacity of £150million. For 2020, Syndicate 5886 has an underwriting capacity of £250million, writing Property Treaty, Direct Property, Specialty Reinsurance, Contingency and Accident & Health classes.
Syndicate 5886 Underwriting Capacity
For the 2020 underwriting year of account Syndicate 5886 has an underwriting capacity of £250 million, with an expected split of income approximately as follows:
Syndicate 5886’s underwriting capacity derives from a diverse mix of capital providers, ranging from large professional ILS funds to traditional Underwriting Members of Lloyd’s whose underwriting is managed by the Lloyd’s members’ agency community.
Blenheim believes that the Syndicate’s blend of industry and private third-party capital sources stands the business in good stead to support future development and growth.
Syndicate 5886 Security Ratings and Licences
Blenheim Syndicate 5886 issues Lloyd’s polices which carry the external security ratings which are common to Lloyd’s Syndicates. These are:
Blenheim Syndicate 5886 can also underwrite risks via Lloyd’s Brussels (Lloyd’s Insurance Company S.A.) which is authorised and regulated by the National Bank of Belgium and licensed to write all non-life risks from the European Economic Area. Policies issued by Lloyd’s Brussels carry the same AM Best, Fitch and S&P ratings as Lloyd’s policies as detailed in the table above.
Blenheim Syndicate 5886 also benefits from Lloyd’s worldwide licences enabling it to accept business, including via Lloyd’s Brussels, from over 200 countries and territories worldwide.
Full details of Lloyd’s chain of security, security ratings, its worldwide licences and Lloyd’s Brussels can be found at www.lloyds.com.