Just a week has passed since the Asta-managed £150 million Blenheim Syndicate 5886 received approval to underwrite for the 2017 year of account for Lloyd’s of London – and now one of its key teams is taking shape.
John Hamblin, Mark Wilson and Simon Dean will be joining Blenheim’s treaty team of Nick Destro, Geraldine McMillan and Michael O Sullivan, when they have concluded their existing contractual responsibilities: Dean will join in November with Hamblin and Wilson joining in February 2017.
In addition, Simon King and Nick Adams will be joining to underwrite a D&F account when they are contractually available to do so. Adams will be joining in December and King will be joining in February 2017.
The Syndicate has also secured a range of capital sources to support its underwriting activities, including Nephila Holdings, who have also made a strategic investment in Blenheim based on relationships with some of the team going back as far as 25 years.
Peter Scales, Blenheim group CEO, said: “We are very grateful for the support of such a diverse capital base ranging from traditional Lloyd’s members to Nephila, one of the foremost and most innovative presences in the ILS market. The range of our backing gives us the maximum flexibility to expand our business in the future.
“We can now start to build a business that creates a trading environment that empowers traditional underwriting skills using the most modern risk management and technology platforms.”
Blenheim, which will be substantially owned by its staff, expects to announce further management and underwriting appointments in the near future.
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