Charles Taylor Consulting has renamed CTC Axiom as Charles Taylor Insurance Services. The company says the new name ‘better reflects the business’s capabilities and parentage’. The non-life run-off business of LCL was moved into CTC Axiom in October 2009.
Charles Taylor Underwriting Agencies, which is a Lloyd’s approved coverholder offering bespoke property and liability insurance and facultative reinsurance covers to scheme and affinity business, captives and mutuals, has now joined Charles Taylor Insurance Services at its Lloyds Chambers office.
The expanded Charles Taylor team at Lloyd's Chambers will focus on the following market sectors:
• Financial accounting and regulatory reporting for Lloyd’s managing agents
• Run off services
• Claims, commutations and finality services for insurance entities
• Underwriting and coverholder services
• Support for third party Delegated Underwriting Authorities
• Broker support services
John Rowe, chief executive of Charles Taylor Consulting, says: ‘We acquired Axiom in May 2009 to give CTC a stronger presence in the market for insurance support services. We expect demand to continue to grow for these services, particularly in Lloyd’s and the London market, and we are already seeing attractive opportunities for the business.
‘We have now completed the integration of Axiom into CTC. By combining its capabilities with those of LCL and by capitalising on the expertise of Charles Taylor Underwriting Agencies we are now well positioned to benefit from the potential in the sector.’