September 2003/2

Lloyd’s insurer Omega Underwriting Agents hopes of expansion have hit a stumbling block after seven weeks of negotiations with members’ agents proved inconclusive.

Illium Insurance Group Ltd, the UK liability start-up headed by former Limit underwriter Denis Burniston and Russell Benzies, the former chief executive of Euler Trade Indemnity plc, is set to begin trading via a new Lloyd’s Syndicate 4040 next year.