Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Sirius International approved to operate as managing agency at Lloyd's

Reprints

Hamilton, Bermuda-based Sirius International Insurance Group Ltd. has obtained approval to operate a managing agency at Lloyd’s of London, Sirius announced Tuesday.

The managing agency, Sirius International Managing Agency, will manage Sirius’ multiline syndicate 1945.

Syndicate 1945, which has capacity of £98.7 million ($168.1 million), until now has been managed by London-based Asta Managing Agency Ltd.

The decision to create an integrated Lloyd’s vehicle reflects its growing commitment to Lloyd’s “with the intention of increasing capacity and activity when conditions allow,” Sirius said in a statement.

The managing agency also would provide its ultimate parent company, Hamilton, Bermuda-based White Mountains Insurance Group Ltd., a channel to the Lloyd’s market, Sirius said.

“This is a natural progression for Sirius. Our syndicate has already demonstrated the value of having a presence at Lloyd’s, both for ourselves and for our clients and brokers,” said Michael Dashfield, CEO of Sirius International, in a statement.