The National Indemnity Company, a member of the Berkshire Hathaway group, has announced plans to increase its participation on Lloyd's Syndicate 839 from £62.5m £100m.
The announcement by Trenwick Managing Agents also included plans to provide a 'Qualifying Quota Share' of £30m for the 2003 Year of Account.
Michael Watson, Chairman and CEO of Trenwick Managing Agents said: "I am delighted that Berkshire Hathaway has again agreed to be our business partner for 2003.
"We believe that market conditions in Syndicate 839's lines of business will continue to be favourable next year and Berkshire Hathaway's capacity ensures that we can offer continuity to our clients for 2003.
"We continue to work with Trenwick Group, Berkshire Hathaway and others to procure an increase in Syndicate 839's capacity for the 2003 Year of Account. The necessary Funds at Lloyd's to support Syndicate 44 are already available."
