U.K.-based Barbican Insurance launched Barbican Bermuda, a new underwriting unit that will focus on the U.S. property market and will exclusively write on behalf of Lloyd's of London Syndicate 1955.
Based in the city of Hamilton, the new unit will underwrite a direct and facultative business portfolio on an excess and surplus lines basis. It will focus on Fortune 1000 corporations and middle-market firms, according to a Feb. 5 release.
Nik Lucking will serve as head of direct and facultative for the new unit. He will report to David Slade, divisional head of property. Lucking most recently served as unit head of U.S. direct and facultative property at AXIS Capital Holdings Ltd./Novae Group Ltd.
