Greenwich Group - Syndicate News

Limit PLC

	08 August 2000	Limit announce staff changes Limit PLC has announced that John Hamblin will be stepping down as Active Underwriter of Syndicate 566 at the end of August. It is expected that, following completion of QBE's acquisition of Limit and subject to Lloyd's approval, John Daly, currently Deputy Underwriter of the Syndicate, will succeed John as Active Underwriter.
	14 January 2000	Transfer of business from Syndicate 566 to Syndicate 79 for 2000 account Limit Underwriting Limited has confirmed that, following the completion of the consultative process, Lloyd's has given its consent to the transfer of the business of Syndicate 566 to Syndicate 79with effect from 1st January 2000.
	25 November 1999	Proposed transfer of business from Syndicate 566 to Syndicate 79 through Limit John Hamblin, the Underwriter of Syndicate 566 has concluded that the Syndicate's best interests would be served, for the time being, through the consolidation of the Syndicate's activity to those areas of business that have historically formed its core accounts being Marine, Non-Marine and Aviation excess of loss reinsurance and political risks business. It is proposed that the direct Marine account, developed by Michael Moss, will be discontinued within Syndicate 566 at the end of this year and transferred to Syndicate 79. The envisaged transfer of business will occur in respect of any 2000 Account risks and Barnabus Hurst-Bannister and John Hamblin, Underwriters for Syndicate 79 and Syndicate 566 respectively, together with Michael Moss, fully endorse these proposals.
	20 October 1999	Elvin Patrick and Brian FitzGerald to resign from Limit Board The Boards of Bankside Syndicates Ltd and Janson Green Ltd have announced that Elvin Patrick and Brian FitzGerald, current chairmen of Bankside and Janson Green respectively, will be resigning from all Limit Group Boards at the end of October, when the two agencies merge. Steven Burns will be Managing Director of the merged agency and Peter Grove will be Underwriting Director. Laurence Holder, currently Managing Director of Bankside, will become Deputy Managing Director and Jonathan Agnew will chair the agency Board.
	17 March 1999	LIMIT obtain consent for acquisition Lloyd's has now given consent to the acquisition of a minority shareholding by LIMIT Plc in Satec srl.
	29 January 1999	LIMIT To Acquire Shareholding in SATEC LIMIT, Bankside's parent company, plan to acquire a minority shareholding in one of Syndicate 566's Italian coverholders, SATEC srl. SATEC is an Underwriting Agency specialising in space related risks on behalf of a consortium of insurers.