The Blenheim Group through Blenheim Underwriting Ltd and Blenheim Syndicate 5886 is building an independent Lloyd’s focused business with highly experienced management and support, to provide an attractive home for market-leading underwriters and develop the next generation of underwriters who in time will take their place.
The ultimate holding company of the Blenheim Group is White Bear Capital Ltd (“WBC”) which is largely owned by the staff of Blenheim, with Nephila Holdings Limited, a leading investment manager specialising in insurance and reinsurance risk, holding a minority interest.
Blenheim Underwriting Ltd is a wholly owned subsidiary of WBC and employs all Blenheim Group staff, including that of Blenheim Syndicate 5886.
The Lloyd’s managing agent of Blenheim Syndicate 5886 is Asta Managing Agency Limited (“Asta”) which is authorised and regulated by the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) as well as Lloyd’s. Blenheim Underwriting Limited acts as Asta’s Appointed Representative for the day to day running of Syndicate 5886’s business, providing underwriting, claims and administrative services.
In due course Blenheim Underwriting Ltd intends to seek the necessary Lloyd’s, regulatory and capital provider consents to become the Lloyd’s managing agency for Syndicate 5886.