Catlin and China Re deal predicted to be catalyst for Lloyd’s investment – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how industry experts believe the landmark partnership between Catlin and China Re will be a catalyst for a boom in Lloyd’s investment from insurers in emerging economies.
Last week the reinsurance firm became the first Chinese company to invest directly in the market by putting £50m into the specially created Syndicate.
In other news the ABI has been forced to defend proposals to ban night time driving for young motorists, after they were dismissed as unenforceable by the government and safety campaigners; insurers could face reputational ruin when hiring unregulated private investigators in the wake of the News of the World phone hacking scandal, a senior private investigator has warned; and THB chief executive Frank Murphy has promised employees at the Lloyd's broker there will be no similarities between his firm's multi-million pound take-over by Am Wins and that of Gallagher's buyout of Heath Lambert.
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