Greenwich Group - Syndicate News

Chartwell Managing Agents Ltd

	17 March 1999	Chartwell close 657 but leave open 240 and 923 Chartwell have advised that, subject to Lloyd's approval, the 1994, 1995 & 1996 Accounts of Syndicate 657 will be closed into the 1999 Account of Syndicate 839 as at 31st December 1998.
	11 March 1999	Chartwell Syndicate 657 reinsured by Chartwell Syndicate 839 Chartwell have recommended acceptance of the most competitively priced quote (Ł85.7m) to close the open 1994, 1995 and 1996 years of account which was received from Syndicate 839. These years will be closed into Syndicate 839's 1999 year of account.
	04 February 1999	Quotation Delayed - Syndicate 657 - 1994/5/6 Years of Account Chartwell have informed the market that there will be a further short delay in receiving a RITC quotation for these years of account, while potential reinsurers make final assessments of the figures as at 31st December 1998. They are optimistic that a satisfactory quote will be obtained and have applied to Lloyd's for an extension to the 1st March syndicate return deadline.
	12 January 1999	RITC Quote Imminent for 657 At the last capital providers meeting on 9th December 1998 Keith Davies (RITC Adviser) announced that he was optimistic of being able to recommend a RITC quotation for the 1994/5/6 years of account early in the New Year. Negotiations are progressing well with several indications being pursued and a firm proposal from Chartwell is imminent.