Barbican Insurance has agreed a new underwriting facility between Barbican Underwriting, the firm’s UK property and casualty underwriting division, and International Insurance Company of Hannover (Inter Hannover).
Launched in 2011, Barbican Underwriting has already established a strong presence in the UK property and casualty sector. The arrangement with Inter Hannover will boost the division’s underwriting capacity, enabling it to expand its market position.
This capacity is in addition to that currently provided by Barbican Syndicate 1955. With immediate effect, Barbican Underwriting will underwrite UK property & casualty risks on behalf of both Barbican Syndicate 1955 and Inter Hannover.
Stuart Kilpatrick, head of UK insurance at Barbican Underwriting, said: “Over the past three years, [Barbican Underwriting] has worked hard to secure its position in what is a highly competitive sector of the market.”
“This new underwriting facility with Inter Hannover provides us with the ability to further capitalise on the successful relationships we have built with our brokers to achieve strong, sustainable, long-term growth.”
Nick Parr, CEO of Inter Hannover, added: “This underwriting arrangement with [Barbican Underwriting] reaffirms our commitment to the UK market.”
