Equitas, which was set up to run off pre-1992 liabilities of Lloyd's syndicates, has appointed Scott Moser as its new chief executive.

The appointment is effective from November 2003. Moser will replace existing chief executive Michael.

In addition Equitas made three new appointments to the board effective from 1 April 2003.

Glenn Brace, head of asbestos pollution and health hazard claims, will become claims director, while Jeremy Heap, head of commutations, will become reinsurance recoveries director. Jon Collins, currently Equitas' chief actuary, will also join the board.