April 02, 2017
Laurence Holder has been hired by Blenheim as a non-executive chairman. Holder was previously the managing director of Lancashire's Lloyd's arm Cathedral. It has been reported that Blenheim is looking to create its own managing agency targeting a launch date within 12 months.
If Blenheim is given the go ahead to create a managing agency on this timetable, it will be the fastest approval since Chubb launched its now disbanded managing agency and syndicate in tandem in 2010. Many don’t seem to think this is beyond the realm of possibility with the support shown for Blenheim by Lloyd’s since its creation.
Managing agents have been particularly exercised by the perception that Blenheim would cannibalise existing Lloyd's premium rather than bring new business into the market.