News
Syndicate 2010 and 3010 - 2009 Underwriting Capacity
Cathedral announced that Syndicate 2010 has an underwriting capacity of £300 million and Syndicate 3010 has an underwriting capacity of £30 million for the 2009 underwriting year.
Added in January 2009
A M Best Rating
A.M Best Best affirms Syndicates 2010's Best syndicate rating of 'A' (Excellent) and applies an issuer credit rating (ICR) to Syndicate 2010 of a+
Added in October 2008
Cathedral Underwriting Limited - Board of Directors
Cathedral announced the appointment of John Goldsmith as a non executive director of its Managing Agency Board.
Added in January 2008
Syndicate 2010 and 3010 - 2008 Underwriting Capacity
Cathedral announced that Syndicate 2010 has an underwriting capacity of £300 million and Syndicate 3010 has an underwriting capacity of £30 million for the 2008 underwriting year.
Added in January 2008
A M Best Rating
A.M Best Best affirms Syndicates 2010's Best syndicate rating of 'A' (Excellent) and applies an issuer credit rating (ICR) to Syndicate 2010 of a+
Added in October 2007
Syndicate 3010
Syndicate 3010 has received Lloyd's approval to commence underwriting a marine cargo account. This new syndicate is backed entirely by Cathedral's own corporate name. Day-to-day underwriting will be undertaken by Alasdair Butler who joined Cathedral at the end of June.
Added in July 2007
Syndicate 2010 - 2007 Underwriting Capacity
Cathedral announced that Syndicate 2010 has an underwriting capacity of £300 million for the 2007 underwriting year.
Added in January 2007
Cathedral and Alchemy
The offer of Alchemy Investment Plan Limited to acquire the interests of the shareholders of Cathedral Capital PLC was declared unconditional.
Added in December 2006
Cathedral and Alchemy
Alchemy Investment Plan have offered to acquire the interests of the shareholders of Cathedral Capital PLC, the current holding company of the Cathedral group. However, the underwriting and management teams are rolling forward their existing interests into the new ownership structure.
Naturally, everything remains subject to FSA and Lloyd’s approvals (together with certain other conditions of the offer), but assuming the transaction proceeds to completion as contemplated, Alchemy will end up owning up to just under two-thirds of Cathedral’s new holding company. Management and employees will own the balance.
None of this will result in any material change in the management of the managing agency or Syndicate 2010 and the underwriting teams and the business plan will remain unchanged. Elvin Patrick is to chair the new top company.
The underwriting and management teams are extremely pleased that as a result of the envisaged transaction Cathedral and Syndicate 2010 will continue to be able to build a strong independent franchise in the Lloyd’s and London Market. They will have a significantly increased percentage holding in Cathedral going forward.
Added in November 2006
Syndicate 2010 - 2007 Underwriting Capacity
Cathedral announced that it had received all necessary capital provider and Lloyd's consents to increase the underwriting capacity of Syndicate 2010 to £300 million for 2007. (2006: £250 million.)
Added in October 2006