Lloyd's syndicate RJ Wallace and Others and broker Marsh are two of the insurance industry players behind the new Millennium Wheel which will soon be spinning over the River Thames.

RJ Wallace, which recently merged with rival syndicates Bankside and JM Murphy, has at least two exposures. These include professional indemnity policies while the wheel is being lifted and lowered into place, and general construction third party cover. Marsh is the broker on the liability side.

However, it is not known whether the Syndicate had any exposure for the recent lengthy delays that London Eye experienced in erecting the wheel.