London – In a series of fruitful discussions held in June 2023, Worldwide Reinsurance Limited and Landmark Underwriting solidified a strategic partnership that promises to enhance their respective positions in the insurance industry. The talks, facilitated by Pieter Vlasbloem, Director of Reinsurance Broking at Marken Re Specialty, took place at a London venue and were attended by key representatives from both organizations.
Mr. Patrick Taylor, CEO of Worldwide Reinsurance Limited, met with Landmark’s top executives to explore potential collaborations and synergies. Stefan Cole, Head of Directors and Officers (D&O) at Landmark, Christopher White, Head of Professional Indemnity (PI), and Andrew Ravenscroft, Head of Property, engaged in productive discussions with Mr. Taylor, setting the stage for a mutually beneficial partnership.
The discussions culminated in the signing of two binding agreements between Landmark Underwriting and Worldwide Reinsurance Limited. Under these agreements, Landmark gained the authority to underwrite Professional Indemnity and Directors and Officers insurance on behalf of Worldwide Reinsurance Limited. The scope of these agreements spans from June 30th, 2023 to June 29th, 2026, solidifying a three-year partnership.
Furthermore, the discussions showcased the commitment of both parties to explore additional collaboration opportunities. Proposals were put forth for potential partnerships in General Liability and Property insurance, indicating a shared vision for future growth and expansion.
The meeting between Worldwide Reinsurance Limited and Landmark Underwriting was hailed as a resounding success, with both parties expressing their enthusiasm for the long-term and continued partnership. By leveraging Landmark’s expertise in underwriting and Worldwide Reinsurance Limited’s established reputation in the reinsurance market, the collaboration is poised to deliver exceptional value to clients and stakeholders alike.
This strategic partnership represents a significant milestone for both organizations and underscores their dedication to innovation, growth, and providing comprehensive insurance solutions to their clients. With a solid foundation established, Worldwide Reinsurance Limited and Landmark Underwriting are poised to navigate the evolving insurance landscape and seize new opportunities together.
