The insurance business was established in 1993 and by 1996 Whittington had become the largest manager of Lloyd's Synidcates in Run-Off and was a major provider of services to Lloyd's run off reinsuer, Equitas.
From 1996-2000 we helped pioneer the turnkey start-up model for Lloyd's Syndicates with the start-up of Aegis Energy Syndicate 1225 (1999), Nissan, Samsung and others.
By 1999 we had started to expand our client base through a combination of acquisition, successful competitve tendering and contract renewals.
In 2000, we invested in Lloyd's start-up, Managing Agency Partners (MAP) and we made our first investment in a company in run-off, Crombie Insurance Company, which was closed some two years later following a solvent Scheme of Arrangement.
We purchased the US run-off, Americas Insurance Company, in 2001 and, following successful consolidation, sold the company in 2008 by which time it was a suitable platform to recommence underwriting.
In 2003, we invested in Lloyd's start-up Illium Managing Agency Limited and we also purchased the run-off of Reliance National Insurance Company (Europe) Limited in 2003 and planned and executed a solvent scheme.
Whittington Capital Management was awarded the management of the Talbot Syndicate 376 when if went into run-off.
In 2004, we made our first investment in Asia when we purchased Reliance National Asia Re Pte. Ltd and the overseas insurance fund portfolio of ICS (Insurance Corporation of Singapore), effecting a portfolio transfer into (LCR) Lion City Run-off Pte. Ltd in 2004. LCR has now been closed by a solvent scheme of arrangement.
We have been involved in 12 new Lloyd's start-ups and have invested in Managing Agency Partners, Group Ark, Barbican and Alba (subsequently sold to IAG).
