Business Overview

Cathedral gives the Lancashire Group access to Lloyd’s - the world’s specialist insurance market - through Cathedral managed Syndicates 2010 and 3010. The Cathedral Syndicates have the benefit of Lloyd’s worldwide licences and offer clients the security of a Lloyd’s policy. Both Syndicates underwrite on behalf of Cathedral’s own underwriting member of Lloyd’s and Syndicate 2010 also does so on behalf of third party underwriting members of Lloyd’s.

Cathedral’s underwriters are all market leaders in the areas in which they operate.

Managing Agent and Authorisations

Cathedral Underwriting Ltd is the Lloyd’s managing agent for Syndicates 2010 and 3010. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. It is also authorised and regulated by Lloyd’s.

Active Underwriters

Jon Barnes and John Spence are the Active Underwriters for Syndicates 2010 and 3010 respectively.

Capacity

Syndicate 2010 has an underwriting capacity of £306 million for the 2017 underwriting year of account. Syndicate 3010 has an underwriting capacity of £100 million for the 2017 underwriting year of account.

Licences

Syndicates 2010 and 3010 have the full benefit of Lloyd’s worldwide licences enabling them to accept business from over 200 countries and territories worldwide.

Syndicate Security Ratings

Syndicates 2010 and 3010 provide policyholders with the security of a Lloyd’s policy. The Syndicates’ ratings are as follows:

Lloyd’s Rating (applicable to Syndicates 2010 and 3010)

AM Best: A (Excellent)

Fitch: AA-

Standard and Poors: A+ (Strong)

Syndicate Specific Rating (applicable to Syndicate 2010)

AM Best: A (Excellent)

Report and Accounts

The latest Reports and Accounts for Syndicates 2010 and 3010 can be found here.

Capacity Providers

Approximately 58% of the underwriting capacity of Syndicate 2010 and 100% of the underwriting capacity for Syndicate 3010 is provided by the Cathedral Group’s own corporate underwriting member of Lloyd’s. The balance of Syndicate 2010’s capacity is provided by underwriting members of Lloyd’s underwriting via Lloyd’s members agencies Alpha Insurance Analysts, Argenta Private Capital Ltd, Hampden Agencies Ltd and ICP General Partners Ltd.