Who does your research into insurance markets and Lloyd’s syndicates?

Talisman employs the services of Alpha Insurance Analysts Limited (Alpha) which is a Lloyd’s members’ agent for research.
Alpha are authorised and regulated by the Financial Conduct Authority (FCA).

Who regulates Lloyd’s?

Lloyd’s is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
Both also have direct supervision of the managing agents of the syndicates we support.

Does Lloyd’s have a security rating?

All syndicates at Lloyd’s benefit from Lloyd’s central resources including the brand, the global licensing and central fund. As all Lloyd’s policies are backed by this common security, a single market rating can be applied. Lloyd’s ratings are AA- very strong with S&P Global, A+ superior with AM Best, AA- very strong with Fitch Ratings and AA- very strong with Kroll Rating Agency.

Who chooses the portfolio of syndicates?

The Directors choose the syndicates based on the information and analysis of its members’ agent.

Are the shares in Talisman quoted on any exchange?

Talisman is not quoted on any exchange nor are there any plans to do so. .

Are there any benefits of not being quoted?

The value of Talisman shares should qualify for Business Relief on death.

Who administers Talisman?

Talisman has a members’ agent’s agreement with Alpha Insurance Analysts Limited. For an annual fee, Alpha administers the underwriting business at Lloyd’s and deals with all regulatory and compliance matters.

David Monksfield has responsibility for supervising the day to day operations of the company. He is assisted by Graham Hodgson, the Group’s Company Secretary. Graham is also responsible for the day to day management of the company finances.

How does Talisman manage its portfolio of syndicates?

Talisman uses the Lloyd’s annual capacity auctions to enhance and optimise its portfolio of syndicates.

Does Talisman purchase corporate vehicles?

Talisman purchase corporate vehicles either to enhance its portfolio or, for an issue of shares, to sellers seeking a less complex method of underwriting at Lloyd’s.