Insights

Argenta appoints Ian Burford as active underwriter

Posted 19.03.2021 – Quick takes

Argenta Syndicate Management Limited has appointed Ian Burford as active underwriter of syndicate 2121 and SPA 6134, subject to Lloyd’s and regulatory approval.

Burford is currently UK CEO of Fidelis Underwriting Ltd and was previously active underwriter of Novae syndicate 2007.

Andrew Annandale, Managing Director, said: “I am delighted that we have recruited someone with such extensive underwriting experience and I look forward to working closely with Ian as we continue to develop Syndicate 2121, both in terms of its scale and business lines.”

Alpha comment

Ian Burford comes with experience across a broad range of business classes and replaces Ian Maguire, who left syndicate 2121 in September 2020 after 16 years’ service.

The syndicate recently reported the 2018 year was to be left open beyond 36 months due to the uncertainties surrounding its COVID-19 losses. It is hoped that the appointment of Burford will lead to improved results at syndicate 2121. Alpha does not recommend support of this syndicate.

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