Bermuda-based Trenwick Group Ltd. announced that it has entered into definitive final agreements with its Lloyd’s letter of credit providers with respect to the renewal of $182 million of letters of credit supporting Trenwick’s Lloyd’s underwriting operations.
With additional capital provided by Trenwick and National Indemnity Company, Trenwick’s anticipated Lloyd’s underwriting capacity for 2003 is up to $500 million.
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk 
Guy Carpenter Rebranded as Marsh Re 
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec 
