UNITED KINGDOM
On February 14, 2007, Sagicor became the first Caribbean company to be admitted to the Official List of the London Stock Exchange, to trade on the market for listed securities of the London Stock Exchange. Shortly after the London Listing, Sagicor extended its operating base to the important London market through the acquisition of the Gerling at Lloyd's Group, now Sagicor At Lloyd's (SAL) and Byrne and Stacey Underwriting, now Sagicor Underwriting Limited (SUL).
Sagicor At Lloyd’s
Since the acquisition in July 2007, Sagicor at Lloyd’s, encompassing the Managing Agency, Syndicate 1206, continues to write up to its current capacity of £ 100.00m, of short tail lines of business.
The acquisition of SAL is part of Sagicor’s international expansion plan, allowing the group to continue diversifying and expanding its presence in the European Financial Market, and at the same time taking advantage of the several benefits and opportunities presented by this expansion.
SAL is a professional and innovative insurance carrier renowned for the skill of its underwriters, attracting specialist teams and highly experienced individuals who share their knowledge with their brokers, providing them with intelligent risk evaluation and underwriting.
Through a wide variety of products and services, Sagicor at Lloyd's is committed to the development and preservation of long-term relationships with its brokers and employees and offers personal and professional development to both. Sagicor At Lloyd's services include:• Special Lines
• Property
• Personal Accident
• Treaty Office Location and Contact Information:
Sagicor At Lloyd's
1 Great Tower Street
London, EC3R 5AA
Tel: 44 020 3003 6800
Fax: 44 020 3003 6999
Email: info@sagicor.eu
Sagicor Underwriting Limited
On October 4, 2007, Sagicor Syndicate Holdings Ltd (“SSH”) completed the acquisition of 100% of the share capital of Byrne & Stacey Underwriting Ltd (BSU), now rebranded to Sagicor Underwriting Limited (SUL). Sagicor at Lloyd’s has been Sagicor Underwriting's principal capital provider since its inception in 2000.
This acquisition secured the underwriting of SUL's book of business, and provided the opportunity to develop other product lines to distribute through SUL's 800 plus Brokers, and new product lines for the Regional Market to be distributed through web technology developed by Sagicor Underwriting.
SUL offers regional brokers a gateway to the Lloyd’s market place and A+ security through Sagicor at Lloyd’s, providing them with access to a number of product and business lines as well as the experience and expertise of its underwriters. SUL’s online platform provides intelligent risk solutions in a simple and efficient manner.
SUL aims is to make the process of quoting and issuing insurance policies as quick and easily as possible for its broker partners. With features created to help them, such as mid-term adjustments, text messaging to clients and medical screening, SUL has reduced the percentage of office-based quotes to less than 15%, with the majority now being transacted online at www.sagicorunderwriting.com
Office Location and Contact Information:
Sagicor Underwriting Limited
1 Great Tower Street
London
EC3R 5AA
Tel: 44 020 3003 6800
Fax: 44 020 3003 6999
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