Heritage Managing Agency is considering a potential merger of Syndicate 1200 (Worldwide property) and 3245 (non US liability), both of which are managed by Heritage.
Syndicate 1200 has capacity for 2007 of £260m which is owned 48% by Heritage and 3245 has capacity for 2007 of £55m 27% owned by Heritage.
The managing agent said this was expected to improve operational and capital efficiency and give rise to modest cost savings.
