Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act as a managing agency for Syndicate 5886.
The effective date of transfer of management from Asta to Blenheim was 6 August 2021 and follows the “approval in principle” it received from Lloyd’s in March 2020. (Asta is a third-party managing agent at Lloyd’s).
Blenheim manages Syndicate 5886 which has underwriting capacity for 2021 of £325 million.
Blenheim Underwriting Ltd. is a wholly owned subsidiary of White Bear Capital Limited.
“This is a significant milestone for the group that the team has worked hard to achieve. We would like to thank Asta for acting as our managing agent in the syndicate’s formative years and we look forward to the future as an independent business,” commented Peter Scales, CEO of London-based White Bear Capital and a director of Blenheim.
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