Managing Agent Name: Cathedral Underwriting Limited
Subject: Acquisition of the Cathedral Group
Syndicate(s) Affected: 2010 and 3010
On 7 August 2013, Lancashire Holdings Limited (“Lancashire”) announced that it had entered into conditional Sale and Purchase Agreements to acquire the entire issued and to be issued share capital of Cathedral Capital Limited, the ultimate holding company of Cathedral Underwriting Limited, the Lloyd’s managing agent for Syndicates 2010 and 3010. Lancashire, through its UK and Bermuda based operating subsidiaries, is a global provider of specialty insurance and reinsurance products.
Completion of the acquisition of Cathedral Capital Limited is conditional upon regulatory approvals being obtained from the PRA, the FCA and Lloyd’s.
Date issued: 6 September 2013
Agency contact name: D.C. Grainger
Agency contact no: + 44(0) 207 170 9023
For auction office use only: D2013003
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