Done the Right Way 
Mike Sibthorpe
Chief Executive
Mike Sibthorpe joined W. R. Berkley in July 2008 to lead the project 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. Prior to that, he worked in the company insurance market and originally began his career in the banking industry.
Alastair Blades
Active Underwriter
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 Officer
Alastair Blades
Active Underwriter
Head Property Underwriter
Rob Vetch
Finance Director
Paul Simmonds
Head Accident Underwriter
Louise Nevill
Head Marine Underwriter
Emma Mercer
Head of Exposure Management
Scott Campbell
Property Underwriter
Laura Wells
Property Underwriter
Christopher Thompson
Contingency Underwriter
Janie Hatzer
Accident, Contingency and
Life Sciences Underwriter
Sundeep Daddar
Terrorism Underwriter
Simon Engelen
Marine Liability Underwriter
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W. R. Berkley Syndicate 1967 (At Lloyd's)
Building on the reputation of the leading underwriters heading these three classes and the commitment of capital from W. R. Berkley Corporation, clients and brokers have welcomed the syndicate's first class service, professional underwriting and disciplined approach to risk management.
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 2011 underwriting year of GBP £100m.
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, marine and property classes. 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 We have an established team of leading marine underwriters and can offer a broad range of products providing coverage for assets worldwide. We afford excellent levels of service to our brokers enabling them to obtain comprehensive risk solutions for their clients, worldwide.
Marine products available include Hull, Marine and Aviation War, Political Violence including Terrorism, Cargo & Specie and 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 continue to develop a commercial property account comprising core risk managed accounts, a trading excess and surplus line account and select programs.
Our underwriting strategy is characterized by cycle management, disciplined line size development and rigorous 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
Syndicate 1967 underwrites on behalf of Lloyd's of London. Lloyd’s unique capital structure provides excellent financial security to policyholders and capital efficiency for members.
There are three links in the chain of security:
- Syndicate level assets
- Members' funds at Lloyd's
- Central assets
The funds in the first and second links are 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 of Lloyd's which are available, subject to Council approval, to meet any member's insurance liabilities. The Corportion is responsible for setting both member and central capital levels to acheive a level of capitalisation that is robust yet allows members the potential to earn superior returns.
Please see www.lloyds.com for further details and Lloyd's 2010 Annual Report.
Lloyd's Ratings
A.M. Best Rating
A (Excellent)
S&P
A+ (Strong)
Fitch
A+ (Strong)
Syndicate 1967
2011 Premium Stamp Capacity GBP £100m
Capital Provider – 100% by W. R. Berkley Corporation