The Advent Group has its roots in the Lloyd's Insurance Market. Advent has been witness to the transformation from unlimited liability 'Names' capital backing Lloyd's businesses to the largely corporate capital structures which exist today.
Syndicate 780 began trading at Lloyd’s in 1974 when the capital to support the business was provided by members of Lloyd’s called ‘Names’. Following the introduction of corporate capital at Lloyd’s, Advent Capital (Holdings) PLC was formed in 1994 by Brian Caudle and Keith Thompson who were the founder directors.
Advent Capital first provided financial backing to Syndicate 780 in 1995 and this has grown steadily to the current day, with Advent’s own capital now providing the entire capacity for the Group.
In January 2007 we established a second trading platform, Advent
Re, which is based in Bermuda.
The holding company was listed on AIM in June 2005.
In July 2009 the Directors of Advent recommended a bid by Fairfax Financial Holdings Limited, Advent's largest shareholder, for the remaining equity Fairfax did not own.
In August 2009 the recommended offer was accepted by the Advent shareholders and Advent has now become a wholly owned subsidiary of Fairfax
The Lloyd's insurance market in London.