Lloyd's Barbican Syndicate 1955 to adopt Arch name in rebrand

Arch Insurance International has renamed Barbican Syndicate 1955 as Arch Syndicate 1955 with effect from January 2021, and introduced a split stamp strategy across a number of insurance lines in order to achieve greater flexibility and improved efficiency.

The rebranding is a part of the ongoing integration of Barbican Insurance Group into Arch Capital Group.

It follows the recent announcement of the launch of Arch Managing Agency to combine Arch Underwriting at Lloyd’s and Barbican Managing Agency into a single entity.

In addition, Arch announced that for 2021 it will introduce a split stamp strategy across Arch Syndicate 1955 and Arch Syndicate 2012. The strategy will apply across a number of insurance lines for risks incepting on or after 1 January 2021, including: cyber & tech PI, fine art & specie, general liability, healthcare, management liability, marine war, offshore and onshore energy, and terrorism. Syndicate 1955’s reinsurance lines will not be impacted by the split stamp strategy.

Simon Williams, active underwriter for Syndicate 1955 and chief strategy and distribution officer for Arch Insurance International, said: “The renaming of Syndicate 1955 is another key step in the seamless integration of Barbican into our organisation, as we continue to enhance our scope and relevance to brokers within the Lloyd’s market. The introduction of the split stamp strategy will allow us to achieve greater flexibility and improved efficiency for both our customers and brokers.”