Ian Burford appointed as Active Underwriter & Underwriting Director
Argenta Syndicate Management Limited (“ASML”) is pleased to announce the appointment of Ian Burford as Active Underwriter of Syndicate 2121 and SPA 6134 to take effect once he has completed his contractual obligations in relation to his current employment. Burford will also join the Board of ASML as its Underwriting Director and report to Andrew Annandale, Managing Director of ASML and CEO of Argenta Holdings Limited. Both appointments are subject to Lloyd’s and other regulatory approvals.
Burford has more than thirty years underwriting and portfolio management experience across a wide range of business classes, and he will join ASML from Fidelis Underwriting Limited where he is currently UK CEO. Prior to Fidelis, he spent almost 20 years at Novae, becoming Active Underwriter of its flagship Lloyd’s Syndicate 2007 in 2011.
Annandale said: “I am delighted that we have recruited someone with such extensive underwriting experience and I look forward to working closely with Ian as we continue to develop Syndicate 2121, both in terms of its scale and business lines”.
|Andrew Annandale||Argenta Holdings Ltd||+ 44 (0)20 7825 7200|
|David Haggie||Haggie Partners LLP||+ 44 (0)20 7562 4444|
Notes to Editors:
Argenta Holdings Ltd, a subsidiary of Hannover Re, is the parent company of ASML and of Argenta Private Capital Limited, which provides investor capacity to the Lloyd’s market of almost £2.5 billion for 2021.
ASML is a Lloyd's authorised managing agency, housing the Argenta Group's underwriting operations, Argenta Syndicate 2121 and SPA 6134. Syndicate 2121 has a total underwriting capacity for 2021 of £600 million split between: Property both Direct (including Power/Utilities and UK Commercial Combined) and Treaty; all Marine Classes; Terrorism; Casualty (including Financial Lines) and Political Risks. Hannover Re supports 100% of the £82 million underwriting capacity of SPA 6134 which provides quota share reinsurance to Syndicate 2121.