Greenwich Group - Syndicate News

Beazley Furlonge Ltd

	14 December 1999	Late pre-emption on Syndicate 623 Lloyd's has granted Beazley Furlonge Ltd. consent for a pre-emption of 20% for the 2000 Account. This is on condition that any pre-emption not taken up would be able to be included in the Deceased Names Auction and that Beazley Dedicated Ltd. would not take up any drop after the Deceased Names Auction for no value. Any existing member on Syndicate 623 who needs to put in additional Funds at Lloyd's to stay in line can only do so by using cash.
	02 December 1999	Syndicate 623 Whole Account Quota Share Syndicate 623 has entered into a Whole Account Quota Share for the 1999 Account as they forecast that the signed premiums will exceed the current capacity of Ł95m by as much as Ł7m. The quota share will cover the business written by the Speciality Lines Department for the 1999 Account.