26 March 2014 Insurance

Barbican-Inter Hannover union to target P/C

Barbican Underwriting, the UK property & casualty underwriting division of Barbican Insurance launched in 2011, has formed a new underwriting facility with International Insurance Company of Hannover (Inter Hannover).

Barbican Underwriting said the arrangement with Inter Hannover will boost the division’s underwriting capacity, enabling it to expand its market position. The capacity is in addition to what is provided by Barbican Syndicate 1955. With immediate effect, Barbican Underwriting will underwrite UK property & casualty risks on behalf of both Barbican Syndicate 1955 and Inter Hannover.

“Over the past three years, Barbican Underwriting has worked hard to secure its position in what is a highly competitive sector of the market,” said Stuart Kilpatrick, head of UK insurance at Barbican Underwriting.

“This new underwriting facility with Inter Hannover provides us with the ability to further capitalise on the successful relationships we have built with our brokers to achieve strong, sustainable, long-term growth.”

Nick Parr, CEO of Inter Hannover, added: “This underwriting arrangement with Barbican Underwriting Limited reaffirms our commitment to the UK market.”

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