Blenheim Underwriting Limited is pleased to announce it has received final approval and the necessary permissions from the PRA, the FCA and Lloyd’s to act as a managing agency in respect of Syndicate 5886. The effective date of transfer of management from Asta to Blenheim was 6 August 2021 and follows Lloyd’s ‘approval in principle’ in March 2020.
Blenheim manages Syndicate 5886 which has underwriting capacity for 2021 of £325m.
Blenheim Underwriting Ltd is a wholly owned subsidiary of White Bear Capital Limited.
Peter Scales, CEO of White Bear Capital and a director of Blenheim, said:
“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.”