Greenwich Group - Managing Agents

	27 October 2000	XL to merge its two Lloyd's Managing Agencies Bermudan insurer XL Capital is to merge its two Lloyd's managing agencies as part of a substantial reorganisation of its business that will see 120 redundancies worldwide. Brockbank Syndicate Management and Denham Syndicate Management are to merge to form a new managing agency, XL Brockbank, with a capacity of approximately Ł524m, or 5% of the total market. Brockbank currently manages two composite syndicates: 588 (Metcalf) and 861 (Reith) and a parallel Corporate Syndicate 1209, which accepts business via a split stamp agreement from the other syndicates. Denham, which was acquired by XL subsidiary NAC Re in August 1998, manages the general non-marine Syndicate 990 (Matson). Brockbank said plans to merge the two agencies were still in embryonic form, and have yet to go to the regulators. A new management structure has not been worked out, nor has a decision been made on whether a new building would be sought, however, Peter Matson will remain active underwriter of Syndicate 990. Taken from Post Magazine - 19th October 2000
	26 March 1999	Brockbank appoint Syndicate Investment Managers Brockbank have appointed PIMCO Global Advisers, a subsidiary of Pacific Investment Management Ltd, to manage the US and Canadian dollar funds of Syndicates 588, 861 & 1209 and Chase Asset Management (London) Ltd to manage the sterling funds of all Brockbank Syndicates.