Syndicate Parts Ways With Lloyds

Facing the requirements of the Lloyds Franchise Board, Thomas Miller Managing Agency, which manages marine hull and machinery Syndicate 2241, has chosen to move the business out of the Lloyds market.

From Jan. 1, 2004, the former Lloyds business, known in the market as Dex, will be supported by Groupama Transport, the French “A-rated” specialist marine insurer, which is a subsidiary of Groupama, the largest French non-life insurer. The runoff of Syndicate 2241 will be managed by Thomas Miller Managing Agency, or TMMA.

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