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. 

 Sagicor At Lloyd’s

 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,  encompassing the Managing Agency, Syndicate  1206, its capital provider and service company.

Since the acquisition in July 2007, Sagicor at Lloyd’s continues to write up to it's current capacity of £60.25m, of short tail lines of business for mainly North American Property and worldwide Personal Accident.

The acquisition of Sagicor at Lloyd’s 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. 

Byrne and Stacey Underwriting

On 4^th October 2007, Sagicor Syndicate Holdings Ltd (“SSH”) completed the acquisition of 100% of the share capital of Byrne & Stacey Underwriting Ltd (BSU).  Sagicor at Lloyd’s has been BSU’s principal capital provider since BSU’s inception in 2000. 

Previous to this acquisition, BSU has been an important client of Gerling for over 7 years, and through this purchase, Sagicor not only secures the underwriting of the BSU book of business, but it also gives Sagicor an opportunity to develop other product lines to distribute through BSU’s 800-plus Brokers, and new product lines for the Regional Market to be distributed through web technology developed by BSU.

BSU was an underwriting agency that only dealt with small/medium-sized wholesale brokers - with FSA approval - to provide Accident and Health (A&H) insurance cover in the UK and Ireland.

BSU provides a cost-effective underwriting platform that could replace a number of our UK Operation’s existing high-volume, low-value facilities with other producers.  BSU offers additional underwriting resilience to support the existing UK portfolio through its established underwriting team.  Sagicor will also benefit from BSU’s strong web-based distribution channels, which have a high penetration in the UK provincial market; their proven track record and sustained growth pattern.