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- Syndicate 566
Syndicate 566
Syndicate 566 is a leading excess of loss reinsurance syndicate specialising in non-marine property, aviation, marine, north American and international casualty treaty, retro and personal accident in the Lloyd’s market. The syndicate has a projected income of £316m for 2010.
Underwriting reinsurance treaties from most parts of the world, 566’s underwriters have an in depth knowledge of their clients and the territories in which they operate. The use of sophisticated catastrophe models enables it to estimate the magnitude and frequency of large events and to analyse and understand its clients’ portfolios effectively.
Strength of Syndicate
- Syndicate 566 forms part of Umbrella Syndicate 2999, which has a total capacity of £1bn for 2010
- Flexible sub-syndicate structure permitting a high degree of autonomy for each of the underlying sub-syndicates
- Service excellence and provision of innovative solutions: each syndicate has experienced and dedicated specialist underwriting and support teams
- Part of QBE Underwriting Limited, the largest managing agent at Lloyd’s:
- 100% QBE capital – capital to support Syndicate 2999 is provided entirely by QBE Corporate Limited, part of QBE Insurance Group Limited (S&P, “A+” (strong))
- Lloyd’s security – policies issued by the sub-syndicates benefit from the security, expertise and brand of the Lloyd’s insurance market (S&P, “A+” (strong)/A M Best, “A” (Excellent))
- S&P LSA “3+” – S&P interactive Lloyd’s Syndicate Assessment of “3+” reflects the strength of support provided by QBE and its superior operational management
Lloyd's Security
Lloyd's has a history of over 300 years, highlighted by its impeccable claims payment record. It conducts business in excess of 100 countries and is the world's leading insurance market.
Lloyd’s security – policies issued by the sub-syndicates benefit from the security, expertise and brand of the Lloyd’s insurance market (S&P, “A+” (strong)/A M Best, “A” (Excellent))
The Lloyd's of London web site contains more information regarding Lloyd's financial security.
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Syndicate 566 Product Sheet |  |
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QBE Reinsurance (Europe) Limited Product Sheet | |
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