Insurance Post

News - Heath Lambert puts Spanish operations into run-off

(Re)insurance broker Heath Lambert closed its Spanish reinsurance broker, Heath Lambert Interbroker (HLI) to new business on 1 October 2006.In a letter to its Spanish clients' director general, Juan Manuel Perez, HLI explained that, after analysing the firm's current situation and future prospects, the board had decided to stop acting as an intermediary for new treaty or facultative business, and would not be renewing existing business.The letter promised continuity of service, and that admi