Arch Insurance International (Arch) has today announced the rebrand of Barbican Syndicate 1955 (BAR 1955) to Arch Syndicate 1955 (ASL 1955), which will come into effect from 1st January 2021.
The rebrand forms part of the ongoing integration of Barbican Insurance Group into Arch Capital Group Ltd and follows the recent announcement of the launch of Arch Managing Agency Ltd to combine Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd into a single entity.
Arch has also announced that for 2021, it will introduce a split stamp strategy across Arch Syndicate 1955 and Arch Syndicate 2012. This 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.
Commenting on the news, Simon Williams, active underwriter for Syndicate 1955 and chief strategy and distribution officer for Arch said that renaming of Syndicate 1955 is another key step of the integration of Barbican into the organisation as the business continues to enhance its scope and relevance to brokers in the Lloyd’s market.
“The introduction of the split stamp strategy will allow us to achieve greater flexibility,” he said, “and improved efficiency for both our customers and brokers.”