Hampden Agencies Ltd

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12 April 2000Greenwich transfers its Members' Agency to Hampden
Greenwich Insurance Holdings PLC ("Greenwich") and Hampden Agencies Limited ("Hampden") have announced that they have reached a mutual agreement for Names underwriting in 2000 through Greenwich Lloyd's Underwriting Limited ("GLU") to novate their affairs to Hampden Agencies Limited.

GLU will remain responsible for those Names who converted their underwriting to limited liability through their Grenville Group Conversion schemes. This agreement will raise the number of private Lloyd's investors (Names and Namecos) advised by Hampden in 2000 to 1,382 underwriting a total premium limit of almost £800m.

Christopher Hodgson, Group Chief Executive of Greenwich said, "Greenwich is delighted to have reached agreement with Hampden, who are well placed to advise those Names who wish to retain traditional Lloyd's membership or convert to their own individual Nameco. Greenwich will continue to develop its underwriting through Greenwich Managing Agency Limited and Grenville".

Nigel Hanbury, Chief Executive Officer of Hampden said, "With almost £800m of capacity all from individual Names and Namecos, Hampden now holds the pre-eminent position as the agency dedicated to looking after the affairs of private insurers at Lloyd's, both unlimited and limited. We remain firm believers that private investors at Lloyd's should retain control through having their own individual portfolios either as unlimited Names or through their own limited liability vehicles. We very much look forward to welcoming the Greenwich Names to Hampden".

 
 

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