Greenwich Group - Managing Agents

Current Syndicates - 490
Other Syndicates of Interest

	23 September 1999	Satterford resigns as Underwriter of 1171 Alan Satterford has resigned as Active Underwriter of Syndicate 1171. The Board of RGB Underwriting Agencies are currently discussing his replacement.
	01 September 1999	Syndicate 490 ceases with immediate effect Capital Re, who own 100% of the share capital of RGB Underwriting Agencies Ltd and provide the bulk of the capacity to its Syndicates through CRC Capital Ltd, has been actively seeking a purchaser for the agency and an alternative provider of capacity. As a result of the withdrawal of CRC Capital Ltd's support for Syndicate 490, the board of RGB Underwriting Agencies Ltd has decided that the interests of all capital providers are best served by ceasing all underwriting with immediate effect for the current and all future years of account. Peter Brotherton, active underwriter of Syndicate 490, and Alan Satterford, deputy underwriter of Syndicate 490 and active underwriter of Syndicate 1171, have announced that they intend to resign from the board of the Agency.
	16 August 1999	Ockham withdraw from proposed sale of Lutine In July, Cassidy Davis Syndicate Management Ltd., Chartwell Managing Agents Ltd., RGB Underwriting Agencies Ltd. and Wren Syndicates Management Ltd. received an approach from the Ockham Group which might have led to a sale of their respective shares in Lutine Assurance Services Ltd. (Lutine). The Ockham Group has now withdrawn the proposals, as non-Ockham Group shareholders of Lutine recently decided to commission financial advisers to advise on other sale possibilities, including by selective competitive tender. It should also be noted that if there is a sale, we believe the sellers will account for the net sale proceeds to the members of their respective managed Syndicates concerned for the year of account current at the time any sale is concluded. Therefore subscribers for and tenderers of capacity on Syndicates 779, 44, 429, 1171 and 389 for year 2000 in the 1999 Auctions should continue to be aware that the net proceeds of any sale may or may not be significant, considered in terms of pence per Ł1 of 1999 capacity of the Syndicates.
	05 July 1999	That's Life! Cassidy Davis Syndicate Management Ltd., Chartwell Managing Agents Ltd., RGB Underwriting Agencies Ltd. and Wren Syndicates Management Ltd. have announced that they have received an approach from Ockham Group which may or may not lead to a sale by them of their respective shares in Lutine Assurance Services Ltd.
	11 June 1999	RGB announces proposed minority buy-out RGB Underwriting Agencies Ltd have notified members of Syndicates 490 & 1171 of their intention to terminate the standard members agents agreement in connection with their proposed minority buy-out of Syndicates 490 and 1171. The Business Conduct Committee has given its conditional consent to the termination of the standard managing agents agreement with the members of both Syndicates, which will be subject to the approval of the proposed minority buy-out under the Major Syndicate Transactions Byelaw.

Current Syndicates - 490 Other Syndicates of Interest

Current Syndicates - 490
Other Syndicates of Interest