New start for Miles Smith.

Broker Miles Smith hopes to be trading again at Lloyd's by the end of the year with backing from a m...

Broker Miles Smith hopes to be trading again at Lloyd's by the end of
the year with backing from a major composite, as former parent
Greatminster lurches from crisis to crisis.


Miles Smith Reinsurance, a privately owned company, purchased the Miles
Smith book and intellectual property rights at the end of last month after
the broker had put itself into voluntary liquidation. Paul Chainey, a
director at Miles Smith Reinsurance, told PB: "Greatminster owed Miles
Smith a large inter-company debt and