Trenwick Group, which owns two Lloyd's syndicates, has made further changes to its underwriting team, writes Yvette Essen.
The move follows the departure of Pierre Croizat as chairman of its London subsidiaries Chartwell Managing Agency and Trenwick International. The Bermuda-based insurance and reinsurance specialist last week announced that Michael Watson would replace Pierre Croizat in May.
This week, marine underwriter Peter Wright and casualty underwriter Brian Horwell have also left Chartwell's composite syndicate 839.
Alan Barlow, previously operational and administration executive reporting to Croizat, is also reported to have returned to his old job in the claims division as part of the restructuring.
Chartwell Managing Agents, which was bought by the Trenwick Group in October 1999, has an estimated underwriting capacity of more than £200m for the year 2000 account.
It has two syndicates: Marshall 839, which covers non-marine casualty, aviation, marine and non-marine personal lines and property and Bassett 44, which writes life assurance.
The board reshuffle and alleged changes follows Trenwick's sudden decision to place its yacht and personal accident accounts into run off in January.
Last week James Billet, president and chief executive officer of Trenwick described the changes as “part of the initiation of the next phase of the re-engineering of our UK operations that commenced with the acquisition of Chartwell Re Corporation”.
