China Re starts standalone Lloyd's syndicate

lloyds-web

China's largest reinsurer has gained permission for Syndicate 2088 to be a standalone reinsurance entity to be managed by Catlin Underwriting Agencies.

The formation of the China Re syndicate, which is projected to underwrite premiums of around £120m next year after its inception on 1 January  marks the first time that a Chinese-owned company has

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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