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Chaucer receives Lloyd’s approval for syndicate merger

18 August 2003

Lloyd’s insurer Chaucer Holding Plc received a boost last week after revealing that Lloyd’s has approved the proposed merger of Syndicates 587 and 1096 into Syndicate 1084, creating a combine with an anticipated 2004 capacity of £400mn.

The merged syndicate, which will continue with Hugh Hayward as the active underwriter, will be organised into three divisions: motor, marine and non marine.

According to an announcement to the London Stock Exchange last week, Chaucer will shortly issue an offer document to...

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This article was published as part of issue August 2003/3

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