Greenwich Group - Syndicate News

Kingsmead Underwriting Agency Ltd

	08 May 2001	Kingsmead and B.F. Caudle announce changes Following a recent review of both managing agencies, which are part of the Advent Capital Holdings Group, the Board of Kingsmead has announced some proposed changes within the companies, some of which are subject to Lloyd's approval: · It is likely that the management of Syndicates 2 and 506 will be transferred to B.F. Caudles Agencies Ltd for the 2002 year of account. · It is proposed that, for the 2002 year of account, Syndicate 506 will operate as a parallel with Syndicate 780, allocating predetermined lines of capacity to the syndicate. · The underwriting team of Syndicate 506 will continue to underwrite within the 2001 Business Plan for the 2001 year, with the following exceptions: Graham Pipe, the Active Underwriter and Derek Johnson, Casualty Underwriter, will be leaving the Group. John Plant, has decided to retire from his role as Group Chief Executive and will leave the company following the integration of the two companies.
	07 September 1999	Kingsmead appoints Ken Davidson as new Chairman Ken Davidson has been appointed Chairman of Kingsmead Underwriting Agency Ltd. following the retirement of Sir Greville Spratt. Mr. Davidson, who has been a Director of Kingsmead for a number of years, is the immediate past President of the Chartered Insurance Institute, a Director of several companies in the insurance market and a consultant with Solicitors Barlow Lyde & Gilbert. Kingsmead manages Marine, Aviation and Non-Marine Syndicates with a premium capacity of Ł206m.
	30 June 1999	Syndicate 506 includes sister Syndicate 2 in N/M catastrophe risks Subject to Lloyd's consent, Rupert Cousins, excess Non-Marine property class Underwriter of Syndicate 506 will include Marine Syndicate 2 on his risks. He will write excess of $100,000,000 on behalf of Syndicate 2 which would never have more than 40% of Syndicate 506's written participation on any one assured/programme/layer.
	23 June 1999	Anscombe's contingency consortium receives approval Lloyd's have granted consent for Nick Anscombe to underwrite specialist contingency business on a consortium basis on behalf of Syndicates 2 and 506 from August, 1999.