Trenwick Managing Agents has announced that capacity for its Lloyd's Syndicate 839 will be £315m for the 2003 Year of Account.

The company announced today that £215m of Syndicate 839's total capacity will be subscribed by Trenwick Group Limited.

Michael Watson, chairman of TMA, said: "I am delighted that we are able to confirm our plans for 2003 and particularly our continued support from National Indemnity Company.

"Syndicate 839's capacity in 2003 will allow it the flexibility to develop its business next year and participate further in market conditions which we believe will continue to be very favourable."