Aquiline invests in new operation at Lloyd's; Former executives of Aspen, Wellington to manage syndicate.(News)(Aquiline Capital Partners L.L.C.)

Byline: SALLY ROBERTS

NEW YORK-New York-based private equity firm Aquiline Capital Partners L.L.C. is making another investment in the insurance industry, funding a new Lloyd's of London underwriting agency with some industry veterans at the helm.

Ark Syndicate Management Ltd., which will manage Lloyd's syndicate 4020, next month will begin underwriting marine, energy and some property/casualty insurance and reinsurance lines. The operation will have underwriting capacity of [pounds sterling]114 million ($220.2 million).

Aquiline, which is headed by former Marsh & McLennan Cos. Inc. Chairman Jeffrey Greenberg, is the lead investor in Ark. Other …