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12DexDex moves outside Lloyd sDex, which has been a Lloyd s insurer since itwas founded, is moving out of the Lloyd’smarket. From 1st January 2004, Dex will besupported by Groupama Transport, an "A" ratedspecialist marine insurer with Swiss Re, itsoriginal capital provider, becoming the preferredreinsurer.In 2000, Lloyd’s approved Dex’s plans to writelarge lines and ship values up to $100 million, butLloyd’s Franchise Board has recently reappraisedAnn Waite, Hugo Wynn-Williams and Peter Wrightits approach and is restricting the lines that marineinsurers can write.D ex 200411 Roman Reut, Marketing Manager explains:DexA "Dex was established as an innovative bluewaterGroupama Transport hull insurer with a desire to break the traditional(Swiss Re)2000Dex1(Lloyd s FranchiseBoard)Dex30-50Dexmould. Writing large lead lines - usually 30-50% ofthe value of a ship and sometimes more - allowsus to invest in our product and, more importantly,provide a high level of claims handling and otherservice to shipowners. We understand the Lloyd’sapproach but complying with Lloyd’s requirementswould limit Dex to write smaller lines"Underwriting policies for 2003 have Lloyd’ssecurity and Dex service. Dex will continue toprovide full after sales support and claimshandling until renewal when shipowners will beable to renew with new risk carrier Groupama2003Dex Transport. Mr Reut comments that he is confidentGroupama Transportthat shipowners will see a seamless transfer asDex the service will continue to be provided in the same way by the same people.Dex(Mark Carter)Dex(Peter Wright)(Ann Waite)DexDex2000300DexAMCLGoldbeamDex Weblinkhttp://www.topdex.comFollowing the restructuring of Dex, MarkCarter, the CEO of Dex Serv has left ThomasMiller. Peter Wright, Dex s Underwriting Director,and Ann Waite, Claims Director will carry out hisresponsibilities. Ann Waite comments We aregrateful for the work that Mark has done for bothThomas Miller and Dex in particular and we wouldlike to thank him for his considerable efforts.Dex began trading in 2000 and now has 300clients. In China and Hong Kong, Dex is theclaims leader of Cosco Qingdao, AMCL andGoldbeam. In addition to above, Dex writessubstantial following lines on a wide range ofships, including bulk carriers, tankers,containerships.