Advice & Research

Hampden Agencies Ltd has been advising high net worth individuals on membership of Lloyd’s for over thirty years. 

Today, we account for just over half of the capacity managed by Members' Agents, with in excess of £2.3 billion provided to a range of syndicates trading at Lloyd's. We have a strong team of experienced market professionals who are specialists in advising on trading at Lloyd's and our respected Research Team has enabled our clients to benefit from above Lloyd's market average returns.

Our Services

Portfolio Management

We assist existing members by identifying the potential for any improvement in your syndicate portfolio and risk reward balance. We advise on tax matters and corporate structures, buying and selling Limited Liability Vehicles, and introduce senior Members' Executives for managing UHNW clients.

Syndicate and Market Analysis

Our clients' out-performance of the Lloyd's average results is due to the expertise of our Research team, Hampden Underwriting Research (HUR). Our clients have access to the team and receive in-depth market analysis material. Our Members' Executives will annually adapt clients' syndicate portfolios according to market conditions and to clients' changing appetite for taking underwriting risk.

Limited Liability Vehicles

For new members, Hampden can help with the choice and creation of a new limited liability vehicle (LLV) or assist with the purchase of an existing LLV already underwriting at Lloyd's. All LLVs which are placed for sale are valued by a firm of accountants, Humphrey & Co, and must be made public to all three Members’ Agents who maintain total transparency.

Institutional Investment

For institutions looking to employ capital in Lloyd's underwriting, we have the experience in setting up suitable trading entities whether large or small. Hampden offers the full range of operations such as arranging reinsurance agreements with syndicates, establishing new corporate members to underwrite at Lloyd's, creating Special Purpose Syndicates, and producing feasibility studies for investment into Lloyd's.

Lloyd’s Market News

For all the latest news, click here.

Limited Liability Vehicles - The benefits

Limited Liability

The protection given by limiting the exposure to the investments in the LLV and other Lloyd’s assets is a key advantage of modern Lloyd’s.

Double use of assets

Qualifying investments such as stocks and shares or bonds can be used to support the underwriting of a LLV thus potentially enabling returns from both the investments and from the underwriting. Bank guarantees are also eligible secured on a property potfolio or other personal assets.

Low-correlated asset class

Returns from underwriting at Lloyd’s have historically had a very low correlation with those from other asset classes.

Underwriting profits & capital gains

Underwriting at Lloyd’s has the potential to make profits not solely from the results of syndicate underwriting, but also by way of capital gain on the acquisition and disposal of syndicate capacity. To see the returns made by Hampden clients please visit our Performance page.

Tax and estate planning

Underwriting at Lloyd’s is not considered to be an investment but rather a trade and as such its activities are taxed as being those of a trading entity. Amongst the benefits of such treatment is the availability of Business Property Relief and Entrepreneurs’ Relief. This is an important and complex area where specific advice from an accountant should be sought.

Meet Our Team

Neil Smith
Neil Smith
Chief Executive Officer, Hampden Agencies Ltd

Neil joined the Corporation of Lloyd’s in 1984. In 1994 he joined Stace Barr Members’ Agency. He was appointed CEO of Hampden Agencies in 2008. He has been a director and company secretary to a number of agencies and corporate members during his career.
Alistair Wood
Alistair Wood
Director, HAL

Alistair is the head of HUR. He began his Lloyd’s career in 1994 as a syndicate analyst. He became Head of HUR in 2007 and was appointed a director of HAL in 2009. He completed an MBA in 2007 and is ACII qualified.

Nick Carrick
Nick Carrick
Director, HAL

Nick Carrick joined Lloyd’s in 1977 to work on the non-marine underwriting box of C.E. Heath & Co Limited. After two years broking with Horncastle, Crawford and West, he moved to the underwriting agency side in 1983. He is a Fellow of the Chartered Insurance Institute and was appointed Chairman of Hampden Underwriting Research in 2002. He underwrites at Lloyd’s through a NameCo.
Stephen Wilcox
Stephen Wilcox ACII
Director, HAL

Stephen has been in the Lloyd’s Market since 1974 and has worked in all the major disciplines at Lloyd’s, as a broker, underwriter and as a Members’ Agent. He has been an underwriting Member of Lloyd’s since 1979. He is also the Chairman and trustee of the Lloyd’s Benevolent Fund.
Nigel Wood
Nigel Wood
Private Client Director, HAL

Nigel joined the Corporation of Lloyd’s in 1995 and worked on both the Reconstruction & Renewal and distribution systems. In 2000 joined CBS and joined Hampden following the sale of CBS in 2006 and now looks after the affairs of Members of Lloyd’s.
Gregory White
Gregory White
Private Client Director, HAL
Gregory joined John Polands, a large Members’ Agent in 1986. He also worked for Caudle Hilsum, Scott Caudle Hilsum and Vantage before joining Wren in 1994. In 2000, Gregory joined Hampden Agencies Ltd and was a Director of Hampden Private Capital. Gregory is a Private Client Director and has set up a number of corporate Vehicles for Ark, Atrium, Cathedral, Heritage (now Argo), Illium (now HCC) and MAP. Gregory also looks after a number of influential members of Lloyd’s. He is a member of Hampden Underwriting Research's committee.
Roger S Rough
Roger Sedgwick-Rough
Private Client Director, HAL

Roger began his career in Lloyd’s in 1971 at CT Bowring and Co Ltd. He became a director of Bowring Aviation and subsequently Non Marine Treaty Reinsurance specialising in Spanish speaking areas. In 1985 he became a director of Bowring Members Agency and in 1994 he joined Wellington Members Agency as a director. Wellington Members Agency merged with Stace Barr and was acquired by CBS in 1999. In 2005 Roger joined Hampden Private Capital now Hampden Agencies Ltd. Roger’s first year as a member of Lloyd’s was 1973.
Alexander Raven
Alexander Raven
Private Client Director, HAL

Alexander started as a Member's Agent in 1987 working for Oxford Members' Agency. Alexander then worked at CBS where he was responsible for managing the underwriting affairs of the clients he looks after. He moved to Hampden when they bought CBS in 2006 and continues in this role today.
Richard Page
Richard Page
Private Client Director, HAL

Richard joined the Corporation of Lloyd's in 1971 working in the Registrars, Underwriting Agents and Brokers and Membership departments. In 1977 he joined K.F. Alder Underwriting Agency Ltd, becoming a director of a number of Lloyd's Managing and Members' Agencies in 1986, before being appointed Managing Director of Oxford Members' Agency in 1990. In 1994 he was a founder equity director of Falcon Agencies which was subsequently acquired by Hampden in 1998.
John Mocotta
John Mocatta
Private Client Director, HAL

John worked on two non-marine syndicates from 1986 to 1992 and then joined Willis Faber & Dumas Agencies. In 1999 he transferred to Hampden Agencies Ltd. Besides looking after Members of Lloyd's, he is responsible for the website and Hampden's "Introductory Guides" produced for new family members of Limited Liability Vehicles.
Tom Mills
Tom Mills
Private Client Director, HAL

Tom started his Lloyd's career in 2007 with Amlin Syndicate 2001 as a part of the Marine division underwriting Bloodstock. Following several years with Amlin he joined Hampden in 2015 and is now looking after clients.
Charles Hulbert Powell
Charles Hulbert-Powell
Private Client Director, HAL

Charles started his insurance career with the brokers Chandler Hargreaves Whittall, and in 1982 moved to another firm of brokers, Richards Longstaff and then to Willis Faber & Dumas Agency in 1985. Willis Faber became Bridge Underwriting Agencies in 1998 which was acquired by Hampden in 1999. Charles is ACII qualified and underwrites through a NameCo with his wife.
Nicholas D Ambrumenil
Nicholas d’Ambrumenil
Private Client Director, HAL

Nicholas d’Ambrumenil trained as a Lloyd's Broker between 1964 and 1965 before transferring to a Lloyd's Syndicate until 1969. After 16 years in the Army he joined Stewart Members Agency in 1986 as a Name’s Executive before transferring to CBS in 1995 and Hampden Agencies in 2005. He has underwritten at Lloyd's continuously as a Name from 1988, converting to a Limited Liability Partnership in 2007.
Stuart Buchanan Smith
Stuart Buchanan-Smith
Private Client Director, HAL

Stuart has been looking after the Lloyd’s affairs of Names since 1988. He moved to Hampden Agencies in 1999 and looks after institutional investors participating in Lloyd's as well as individual Members.
Giles Berkeley
Giles Berkeley
Private Client Director, HAL

Giles began his career at Lloyd’s in 1981 working as a marine broker for Bain Dawes Plc. In 1988 he joined Wren Underwriting Agencies as a Members’ Executive, subsequently becoming deputy chairman. While there, he became a founding director of Cathedral Capital Plc, a group conversion scheme for Members set up in 1997. In 2001 he joined CBS, and in 2006 moved to Hampden following Hampden’s purchase of CBS.
John Francis
John Francis
Research Director, HAL

John has been a director of Hampden Capital Plc since 2008 with responsibilities for corporate strategy and a research director with Hampden Agencies since 1999 where his responsibilities include syndicate analysis, (re)insurance market research, syndicate regulatory issues and market relations. He has co-managed Hampden's market-leading MAPAs since the 2002 account and writes Hampden's annual Market Report and Auction Preview. John was educated at Trinity College, Dublin, where he read Medicine and has a law degree, LLB (Hons), from the University of London.
Nick Carrick
Nick Carrick
Director, HAL

Nick Carrick joined Lloyd’s in 1977 to work on the non-marine underwriting box of C.E. Heath & Co Limited. After two years broking with Horncastle, Crawford and West, he moved to the underwriting agency side in 1983. He is a Fellow of the Chartered Insurance Institute and was appointed Chairman of Hampden Underwriting Research in 2002. He underwrites at Lloyd’s through a NameCo.
Alistair Wood
Alistair Wood
Director, HAL

Alistair is the head of HUR. He began his Lloyd’s career in 1994 as a syndicate analyst. He became Head of HUR in 2007 and was appointed a director of HAL in 2009. He completed an MBA in 2007 and is ACII qualified.

Get In Touch

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T: +44 (0) 20 7863 6500
F: +44 (0) 20 7863 6555

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Registered office:
Hampden Agencies Ltd
40 Gracechurch Street
London EC3V 0BT