Bob Wallace has accepted the position of non-executive deputy chairman of Limit with effect from 1 January next year following his retirement as active underwriter of syndicate 386.

Wallace is replaced at active underwrietr by David Constable.

Steven Burns, chief executive officer of Limit, commented:
"We are delighted that Bob has accepted this important position and anticipate that his huge experience of both Limit's business and the market will be invaluable to our continued development. This includes plans to expand our managed capacity to over £1 billion for 2003, almost half of which will be through Syndicate 386."

Topics