Canopius Managing Agents Ltd
Managing Agent Name: Canopius Managing Agents Limited
Subject: Application to merge Syndicates 4444 and 1861
Syndicate Affected: 4444
On the 18th April 2019, Canopius entered into an agreement with AmTrust to, amongst other things, acquire their corporate member, AmTrust Corporate Member Limited, and novate the management of Lloyd’s Syndicate No. 1861 (“S1861”) over to Canopius Managing Agents Limited (“CMAL”) (the “Transaction”).
As a result of the Transaction, CMAL announced last year that it would operate S1861 and Lloyd’s Syndicate No. 4444 (“S4444”) under a split-stamp arrangement for the 2020 year of account, with the intention to merge S1861 and S4444 for the 2021 year of account.
On the 3rd September 2020, CMAL received approval from the Lloyd’s Capacity Transfer Panel to merge S1861 and S4444 for the 2021 year of account. CMAL has submitted a Syndicate Business Forecast for S4444, reflecting the merger of the two syndicates, which has also been approved by Lloyd’s.
Date issued: 14 October 2020
Agency contact name: Adam Timms
Agency contact no: + 44 (0) 20 7337 3768
For auction office use only: D2020001
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