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Lloyd’s Syndicates

The London-based Lloyd’s insurance market is a major participant in Political Risk and Credit insurance. Unlike many other insurance brands, Lloyd's is not a company but rather a market where members join together as syndicates to insure risks. There are about 90 syndicates at Lloyd’s, managed by about 60 Managing Agents. About 25 Lloyd’s syndicates are active in Political Risk and Credit Insurance.

Lloyd’s Market Sheet
(Political Risk & Credit)
2017 Underwriter Capacity & Tenor
Last updated: April 2017

    Line size   Tenor
Underwriter Syndicate number CF PR CR CF PR CR S&P Rating
ACAPPELLA 2014 $15m $15m $10m 7 7 5 (Lloyd's) "A+"
AEGIS 1225 $20m $20m $10m 10 10 7 (Lloyd's) "A+"
ANTARES 1274 $40m $40m $20m 10 10 84 months (Lloyd's) "A+"
AMTRUST 1861 $20m $20m $3m 7 7 5 (Lloyd's) "A+"
AMTRUST  5820 $20m $20m $20m 7 7 7 (Lloyd's) "A+"
ARGENTA 2121 $20m $20m $20m 7 7 5 (Lloyd's) "A+" 
ARGO 1200 $30m $30m $20m 10 10 7 (Lloyd's) "A+"
ARK 4020 $20m $20m - 7 7 - (Lloyd's) "A+"
ASCOT1414 $7.5m $7.5m $7.5m 15 15 5 (Lloyd's) "A+" *
ASPEN 4711 $100m $100m $100m 15 15 8 (Lloyd's) "A+" **
BEAZLEY 623/2623 $50m $50m $30m 10 7 7 (Lloyd's) "A+"
BRIT 2987 $30m $30m $30m 10 10 8 (Lloyd's) "A+" 
CHANNEL 2015 $52.5m $52.5m $35m 15 15 7 (Lloyd's) "A+"
CHAUCER1084 $30m $30m $15m 7 7 7 (Lloyd's) "A+"
CHAUCER AXA1084 $30m $$30m $15m 7 7 7 (Lloyd's) "A+" ***
CHUBB2488 $50m $50m $25m 10 10 5 (Lloyd's) "A+"
ENDURANCE 5151 $25m $25m $25m 7 7 7 (Lloyd's) "A+"
HARDY 382 $25m $25m $15m 77 5 (Lloyd's) "A+"
KILN510 $40m $60m $40m 5 5 5 (Lloyd's) "A+"
LIBERTY4472 $100m $100m $100m 15 15 7 (Lloyd's) "A+" ****
MARKEL3000 $50m - $70m 7 - 5 (Lloyd's) "A+"
MS AMLIN2001 $30m $30m $10m 5.5 5.5 3 (Lloyd's) "A+"
NEON 2468 $40m $40m $30m 7 7 7 (Lloyd's) "A+"
NEXUS  $20m $20m $20m 7 5 5 (Lloyd's) "A+"
NOVAE 2007 $50m $50m $30m 10 10 10 (Lloyd's) "A+"
PEMBROKE 4000 $15m $15m $5m 10 10 5 (Lloyd's) "A+"
QBE 1036 $20m $20m $20m 5 5 5 (Lloyd's) "A+"
SOMPO CANOPIUS 4444 $25m $25m $25m 10 10 10 (Lloyd's) "A+" *****
TALBOT1183 $50m $50m $20m 7 7 7 (Lloyd's) "A+"
W.R. BERKLEY1967 $7.5m $7.5m $1.5m 55 3 (Lloyd's) "A+"
XL CATLIN2003 $150m $150m $150m 2020 15 (Lloyd's) "A+"

Legend:

  • Line Size refers to the maximum amount a specified underwriter can underwrite per risk. 
  • CF signifies “Contract Frustration”, i.e. policies that cover against government obligor default.
  • PR signifies “Political Risk” insurance including inter alia CEND, Political Risk Insurance for Lenders, Political Risk Insurance for Equity Investors and CCP.
  • CR signifies “Credit” (or Comprehensive Credit), i.e. policies that cover against private obligor default.
  • * CF/PR - max line of USD 25m for ECA/multilaterals
  • ** CF/PR - 15 years behind world bank entities
  • *** capacity only applies to African business
  • **** CF - 15 years with ECA / 10 years without
  • ***** CF/PR - 10 years with ECA

Notice: the Lloyd’s market sheet provided above is a summary of our understanding of the underwriters’ capabilities at the time of update and may contain some errors or inaccuracies. Details, especially ratings, may change at any time.