31 Jul 2019

WBD has advised Bermuda-based Arch Reinsurance Ltd on its agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm.

The acquisition, which remains subject to regulatory approval, includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 (“Arcus”), Lloyd’s Special Purpose Arrangement 6132, Castel Underwriting Agencies Limited and other associated entities.  WBD also recently advised Arch on its £31m purchase of Ardonagh's commercial lines business, which completed in January.

The WBD team was led by Corporate Partner Tom Fitzpatrick along with Insurance Partner Jonathan Drake and Corporate Associate Alex Fergus.

Further details are in the official release.