Venton Underwriting Agencies Ltd

Current Syndicates - 376, 1183
Other Syndicates of Interest

30 July 1999Syndicate 376 - Minority Buy-out
On 22nd July, the mandatory offer for capacity on this Syndicate made by Venton Underwriting Group Ltd. closed.

On 23rd July, Lloyd's granted permission to Venton Underwriting Agencies Ltd. to effect a minority buy-out for all members of Syndicate 376 who did not accept the mandatory offer.

Venton will offer directly to these members and will terminate Agency Agreements with effect from 31st December, 1999.
21 April 1999Future structure of Venton Syndicates
Subject to Lloyd's consent, Venton will merge Syndicates 376, 1183 and 1207; or failing which, a merger of Syndicates 376 and 1207. Venton Underwriting Group Ltd. will be making offers to acquire all non-aligned capacity entitlements for Syndicates 376 and 1183 for year 2000 and have applied to Lloyd's to effect a minority buyout in respect of each Syndicate should the requisite 90% level be achieved.
14 April 1999Venton appoint New Chairman
Martin Slade has been appointed Chairman of Venton Underwriting Agencies Ltd, upon the retirement of Philip Wroughton.

Martin Slade has been with Venton since 1993.
20 January 1999Change of strategy for Venton
Venton's operation in Bermuda, Venton Insurance Limited (VIL) was established in autumn 1997 in order to write a worldwide book of business emanating from Bermuda. Following the purchase of Venton Holdings Limited by Underwriter's Reinsurance Company (URC) in October 1998, the plans for VIL have changed. Consequently, all business currently written by VIL has been novated to URC with effect from 30th December 1998. In parallel URC established Venton Underwriter's Bermuda (VUB), which will act as their agent.
James Winn, deputy to Rick Montgomerie on syndicate 376, will move to Bermuda in Spring 1999 subject to Bermudian authorities. Venton will advise us of any plans to replace him in due course.

 
 

Home | Links | News
Design & Content Copyright © 2001 Greenwich Services Ltd