Greenwich Group - Syndicate News

Venton Underwriting Agencies Ltd

21 April 1999

Future 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.