Premia completed its acquisition of Charles Taylor Managing Agency from Charles Taylor and The Standard Club.

Premia, a reinsurance group, completed its acquisition of Charles Taylor Managing Agency, a Lloyd's managing agent, from Charles Taylor, a global provider of insurance-related technical services and solutions, and The Standard Club, a mutual insurance association. Financial terms were not disclosed. "Premia has been successfully delivering run-off solutions to insurers in the global P&C market for a number of years. This acquisition will enable us to deliver the same professional management of run-off to Lloyd’s insurers with trapped capacity and legacy portfolios and we are committed to providing continuity in the run-off of Syndicate 1884. We have the financial and operational capacity and expertise to deliver high quality solutions to Lloyd’s insurers," William O’Farrell, Premia Group Chief Executive Officer.