White Mountains’ Sirius to Launch Lloyd’s Syndicate

White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945.

Syndicate 1945 will be managed by Whittington Capital Management Limited, a Lloyd’s registered managing agency.

The firms said that Sirius and Whittington are working with Lloyd’s to secure final approval to commence underwriting business incepting on or after July 1.

Regarding the name, 1945 was when Sirius was founded.

The syndicate’s underwriting plan will comprise insurance and reinsurance in the accident and health and contingency lines transferred from the London branch office.

The active underwriter of Syndicate 1945 with principal authority to write business will be Mike Dashfield. Since 1998, Dashfield has run Sirius’ London branch office,

Sirius is a Sweden-based international reinsurer that focuses mainly on property and other short-tailed lines. Sirius’ home office is in Stockholm, and it has branch offices in Bermuda, Copenhagen, Hamburg, Liege, London, Singapore and Zurich.