Exclusive - Highway sets up company.

Lloyd's syndicate Highway Motor Policies has set up an insurance company to offset the restrictions ...

Lloyd's syndicate Highway Motor Policies has set up an insurance
company to offset the restrictions and costs incurred by trading at
Lloyd's.


The new operation will trade alongside the existing syndicates as Highway
Insurance Company.


Ockham, Highway's managing agency, will provide an operational base for
Highway at its premises in Bishopsgate. The new company will be run by
Highway's existing management team.


Ockham will redivide the capacity from syndicates 37 and 2037, with 29%
going to the

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