Chubb Insurance Company of Europe SE has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882. The new Syndicate will commence underwriting on June 14 for business incepting from July 1, 2010.
Chubb 1882 will be managed by a newly created Lloyd’s managing agency, Chubb Managing Agent Limited (CMAL), which is authorized by the Financial Services Authority in the UK.
The name Chubb 1882 is taken from the year Chubb was founded.
The Syndicate will write a wide variety of business and will offer a blend of traditional marine and professional indemnity business and the specialist classes such as technology.
The active underwriter of Chubb 1882 with principal authority to write business is Rob Cage who was previously Chubb’s UK head of commercial business. He will be joined by 16 specialist underwriters who are experts in the Chubb 1882 fields of business. Chubb 1882 capacity for the remainder of 2010 is £41.5m.
Source: Chubb
Topics Excess Surplus Lloyd's
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