Limited tenancy capacity and pre-emption
Syndicate Affected: 3334
The current limited tenancy arrangement in respect of Syndicate 3334 expires at 31st December 2010. Existing supporters of the Syndicate are, therefore, free to trade capacity in the 2009 auction process although any capital providers intending to purchase capacity on the Syndicate for 2010 should be aware that, currently, there will be no security of tenure beyond that year. Any renewal of the existing limited tenancy arrangements will be at the discretion of the managing agent at the time.
Subject to the necessary approval, it is proposed that the capacity of Syndicate 3334 will be increased from £20 million to £25 million for 2010.
Date issued: 27 August 2009
Contact Information
Agency contact name: Matthew Riley
Agency contact no: + 44 (0)20 7398 4080
For auction office use only: D2009005
