Greenwich Group - Syndicate News

B F Caudle Agencies Ltd

	03 November 1999	B.F. Caudle propose merge with Advent Capital (Holdings) PLC The Board of Advent Capital (Holdings) PLC, (ACH) has reached agreement with the shareholders of B.F. Caudle Agencies Ltd to merge the two businesses, thereby creating an integrated Lloyd's vehicle. B.F. Caudle Agencies Ltd has managed the underwriting business of Non Marine Syndicate 780 in Lloyd's since 1975. ACH has been operating since 1995. The enlarged group will go into next year with an overall underwriting capacity through Syndicate 780 of Ł85m, of which ACH will be providing some Ł35m of capacity (41.3%). The merge coincides with expansion at both management and underwriting levels within the group. Brian Caudle becomes Executive Chairman and Keith Thompson has been appointed Chief Operating Officer of Advent. Both will continue to have executive roles within B.F. Caudle Agencies with Keith Thompson being the Managing Director. Brian Caudle will also become the Director of Underwriting, with the underwriting team of Syndicate 780 being headed by Lloyd Tunnicliffe. The proposed merger, which will be put to the ACH shareholders next month, will result in the ongoing management having a significant financial interest, with Brian Caudle, his family, and associated companies representing some 47% of the share capital.
	13 September 1999	Lloyd Tunnicliffe appointed Active Underwriter of 780 Lloyd's Authorisation Committee has granted consent to the appointment of Lloyd Tunnicliffe as Active Underwriter.
	30 June 1999	Syndicate 780 appoint new Underwriting Staff B.F. Caudle has announced that, in addition to Lloyd Tunnicliffe, they have made further appointments to their underwriting team. Neil Morrell will be joining the Syndicate to develop the existing liability account (predominantly on a reinsurance basis) and Jonathon Price will join to underwrite the Personal Accident account.
	28 May 1999	B.F. Caudle appoint new Underwriter of Syndicate 780 B.F. Caudle Agencies Ltd have announced that, subject to Lloyd's approval, Lloyd Tunnicliffe will become the active Underwriter of Syndicate 780 for the 2000 year of account, taking over from Brian Caudle who will become Director of Underwriting. Lloyd Tunnicliffe is currently Senior Vice President of CNA Reinsurance in London responsible for the North American Unit which generates premium income of some US$90 million.