Hanseatic Underwriters has rearranged its consortium slightly with the addition of Acappella (ACXA 2014), “an experienced and marine business affiliated syndicate” to it security panel, effective October 1st.
Hanseatic said that, as before, the Hanseatic P&I insurance consortium would consist only of strictly S&P A+ rated Lloyd’s syndicates.
Lloyd’s syndicates consortium members as per October 1st 2018:
· Acapella – ACA 2014
· Allied World – AWH 2232
· Antares – AUL 1274
· Ark – NOA 3902
· Canopius – CNP 4444
· Hamilton – HAM 3334
· StarStone – SCC 1301
· XL Catlin – XLC 2003
Hanseatic’s security structure is:
· Primary Policy (up to $50m) the Lloyd’s security above.
· Excess Policy (up to $100m) is with AGCS and Lloyd’s underwriters and certain company security (lead is Hiscox Syndicate 33).
· Excess Policy II up to $500m is with Lloyd’s underwriters and certain company security (lead is Hiscox Syndicate 33).
Hanseatic’s announcement follows last month’s news that Thomas Miller would be buying the Managing General Agency, Claims Recovery and Run off operations from the specialist insurance services Group, Zeller Associates, which includes Hanseatic Underwriters.