Managing Agent Name: Argenta Syndicate Management Limited (Argenta)
Subject: Auction 1 Disclosure 2018
Syndicate(s) Affected: Syndicate 2121
The Syndicate 2121 business plan and capital submission for 2019 were approved by Lloyd’s on 16th October 2018.
Argenta received Lloyd’s approval to manage SPA 6134 on 9th March 2018. Syndicate 2121 acts as the host syndicate for SPA 6134. SPA 6134 is capitalised entirely by a subsidiary of Hannover Re and it writes a quota share reinsurance of business written by Syndicate 2121, with at least 10% of any business remaining with the host syndicate.
The Syndicate 2121 result ranges that will be published in the September 2018 QMA are:
- 2016 - (2%) to +3%
- 2017 - (2.5%) to +7.5%
Date issued: 22 October 2018
Agency contact name: Matthew Rowan
Agency contact no: + 44 (0) 207 825 7117
For auction office use only: D2018007
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