Lloyd's also faced action from Names on C. J. Warrilow's syndicate 553, which had chronically exceeded its underwriting capacity in the early 1980s and failed to adequately reinsure the huge quantity of risks it was taking on. The solution was to create a new company in 1990 into which these liabilities could be reinsured and the Warrilow Names relieved. This entity was named Centrewrite and it assumed Warrilow's 1985 and prior years' liabilities, separately also offering "estate protection plans" (EPPs) for resigned Names. Tens of thousands of Lloyd's Names bought these reinsurance policies from Centrewrite. It still exists today but no longer sells EPPs and conducts little other business; most recently it reinsured the 1997–1999 years of the troubled Crowe syndicate 1204, the 1999–2001 years of the collapsed Cotesworth syndicate 535, and the 2001 year of life syndicate 1171. In 2012 the Cotesworth and Crowe liabilities (then valued at just over £17m) were novated. Minimal liabilities remain in Centrewrite from Warrilow, most of which are reinsured out.