W. R. Berkley Corporation
Our Business
 
W. R. Berkley Syndicate 1967

Mike Sibthorpe

Chief Executive

Mike Sibthorpe

Mike Sibthorpe joined W. R. Berkley in July 2008 to establish W. R. Berkley Corporation's underwriting platform at Lloyd's. Previously, Mike was CEO and Active Underwriter of one of the main underwriting businesses at Lloyd's although. Prior to that, he worked in the company insurance market and originally began his career in the banking industry.

Alastair Blades

Active Underwriter

Mike Sibthorpe

Alastair joined W. R. Berkley in April 2009 to assist in the launch of Syndicate 1967 and to lead its worldwide commercial property account. He has been underwriting at Lloyd’s since 1986, having spent the previous 14 years building one of the leading property portfolios with one of the leading Lloyd’s businesses. Externally, he sits on the Lloyd’s Worldwide Property Business Panel.

Officers

Mike Sibthorpe

Chief Executive
Syndicate 1967

Alastair Blades

Active Underwriter
Syndicate 1967
Head Property Underwriter

Rob Vetch

Finance Director

Paul Simmonds

Head Accident Underwriter

Louise Neville

Head Marine Underwriter

Scott Campbell

Property Underwriter

Laura Wells

Property Underwriter

Janie Hatzer

Accident, Contingency and
Life Sciences Underwriter

Christopher Thompson

Contingency Underwriter

Emma Mercer

Head of Exposure Management

Company At-A-Glance PDF

The above link is a PDF. To view this file, you will need Adobe Acrobat Reader. If you do not have it installed, it may be downloaded here.  PDF reader

W. R. Berkley Syndicate 1967 (At Lloyd's)

W. R. Berkley Syndicate 1967 was approved by Lloyd’s to begin underwriting on June 1, 2009. Utilizing both the Lloyd’s worldwide brand and licenses and the established network of member companies within W. R. Berkley Corporation, the Syndicate provides a wide ranging underwriting platform for its international clients, with an emphasis on our core underwriting areas of accident and health, contingency, marine and property

Our Mission

To establish W. R. Berkley Syndicate 1967 as one of the pre-eminent accident, marine and property underwriters of choice in the Lloyd’s market.

We aim to combine the excellent reputation and trading environment that is the hallmark of Lloyd’s with the expertise and resourses available to member companies of W. R. Berkley Corporation.

Company Description

Syndicate 1967 is supported by fully aligned capital from W. R. Berkley Corporation and has a premium stamp capacity for the 2010 underwriting year of GBP£85m.

Underwriting is conducted in our dedicated offices at 40 Lime Street and the Syndicate’s underwriting box number 209 on the second gallery in the Underwriting Room at Lloyd’s. Syndicate 1967 is ideally placed to provide first class service and immediate underwriting decisions for brokers and clients.

How W. R. Berkley Syndicate 1967 is Different

The experienced underwriting team of Syndicate 1967 is committed to adding value to our brokers and clients through quickly assessing the clients’ real needs and has the ability to deliver key decisions and solutions in a competitive timescale. We bring extensive expertise in our chosen classes of business, a successful track record of working in partnership with clients and brokers and a highly motivated and empowered team.

Syndicate 1967 holds a unique position in the Lloyd’s market. A member company of W. R. Berkley Corporation, one of the world’s leading insurance groups, the Syndicate supplements its own operations with the expertise and other resources of the wider Group.

Our Products

Syndicate 1967 focuses on accident and health, contingency, marine and property. Additionally, the Syndicate is able to provide an international platform for clients of other W. R. Berkley Corporation member companies outside of the United States.

Accident Classes We have the experience and risk assessment skills to provide underwriting solutions for our client’s needs, covering the complete range of accident classes. Our focus is strongly geared towards meeting client requirements and long-term relationships, delivering products and structures to meet opportunities.

Our main areas of expertise are:

  • Personal Accident: Group and individual exposures, specialist schemes, disability covers
  • Medical Expenses: Self funded, international and out of country schemes
  • Contingency: Event cancellation of sports, leisure and entertainment risks, also non-appearance and failure to survive of key performers

Marine Classes During 2010, the Syndicate will have the ability to offer coverage for the following Marine classes:

  • Hull, War, Terrorism, Cargo and Specie, Marine Liability

Property Classes We underwrite a worldwide portfolio of direct insurance and facultative reinsurance. By developing first class relationships with clients and brokers, we aim to develop a commercial property account comprising core risk managed accounts, a trading excess and surplus line account and specialty programs.

Our underwriting strategy will be characterized by cycle management, disciplined line size development and client and program selection.

About W. R. Berkley Corporation

W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

Contact Information

W. R. Berkley Syndicate 1967
40 Lime Street, 7th Floor
London, EC3M 7AW, England
Tel: +44 (0)20 7088 1967
www.wrbsyndicate.com

Underwriting Box 209 at Lloyd's

Syndicate 1967 - 1967 is the year W. R. Berkley Corporation was founded.

Financial Highlights

The Lloyd’s capital structure, often referred to as the ‘chain of security’, provides excellent financial security to policyholders. Lloyd’s is responsible for setting both member and central capital requirements to achieve a level of overall capitalization that is robust. There are three ‘links’ in the chain: the funds in the first and second links are several assets held in trust, primarily for the benefit of policyholders whose contracts are underwritten by the relevant member. Members underwrite for their own account and are not liable for other members’ losses. The third link contains mutual assets held by the Corporation which are, subject to the approval of the Council, available to meet the insurance liabilities of any member.

www.lloyds.com

Lloyd's Ratings

A.M. Best Rating
A (Excellent)

S&P
A+ (Strong)

Fitch
A+ (Strong)

Syndicate 1967
2010 Premium Stamp Capacity GBP£85m

Syndicate 1967
Capital Provider – 100% by W. R. Berkley Corporation