Greenwich Group - Syndicate News

Limit PLC

	01 October 1999	Janson Green Ltd. and managed Syndicates 79 and 386 LIMIT Plc. has announced its intention to merge the business of the Bankside Managing Agency with the business of Janson Green Ltd. as at 25th October, 1999. Subject to Lloyd's approval, the management of all Bankside Syndicates will be transferred to Janson Green which, in turn, will change its name to Limit Underwriting Ltd.
	23 July 1999	Revised merger proposals of Syndicates 45 and 1156 into 386 for year 2000 A new proposal for the merger of Syndicates 45 and 1156 into Syndicate 386 for the 2000 Account has been published following consultation with capital providers and the departure of John Murphy, the Underwriter of Syndicate 1156, from the LIMIT Group. Names now have until the 25th August, 1999 to cast their vote.
	23 June 1999	Merger of Syndicates 45, 386 and 1156 back on? John Murphy will cease to be Active Underwriter of Syndicate 1156 and will leave the LIMIT Group. LIMIT will now be discussing with capital providers and their Agents a view to putting forward revised proposals to merge for the 2000 Account Syndicates 45 and 1156 into 386, with Bob Wallace as Active Underwriter. LIMIT had withdrawn its earlier proposals before they were put to the vote.
	30 April 1999	Limit announces proposed merger of Bankside and Janson Green Syndicates Limit Plc have applied to Lloyd's to merge the businesses of Bankside non US liability Syndicates 45 and 1156 into Jason Green non US liability Syndicate 386 for the 2000 year of account. This merger will be subject to approval from Capital Providers. Bob Wallace, currently active underwriter of Syndicate 386, will become the active underwriter of the new Syndicate. It is then intended that John Murphy, currently underwriter of Syndicate 1156, will succeed as active underwriter for the 2002 year of account, following Bob Wallace's retirement. It is proposed that the combined Syndicates will have a total capacity of some Ł220m for the 2000 year of account. Capacity allocation will be on a straight Ł1 for Ł1 basis.