Project Blue Mountain has changed the lines of business it will launch with when it opens for business in 2003.

The company confirmed that in the first quarter of next year it will launch in the commercial property, directors' and officers' (D&O) and errors and omissions (E&O) classes.

Project managers had announced in July that it would launch in two or three lines of business - citing probable classes as aviation, professional indemnity (PI) and property.

A spokesman said the reason for this strategic change was requests from customers that will be using the network.

While the launch will not take place for several months, the spokesman said the project will have a "more public profile" from next month.

He could not confirm what form this would take, but said it would not be an official launch.

Project Blue Mountain is a new venture, run in collaboration with Lloyd's .

It aims to reduce the costs of transacting and administering business, while improving services to end clients.

The spokesman also quashed rumours this week that the project is running out of money, describing them as "nonsense".