Chubb announces £41.5m Lloyd’s Syndicate
Chubb Insurance has announced that it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882. It will commence underwriting from 14 June for business incepting from 1 July 2010.
Chubb 1882 will be managed by a newly created Lloyd's managing agency, Chubb Managing Agent Limited which is authorised by the Financial Services Authority in the UK.
According to the insurer, 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 name Chubb 1882 is taken from the year Chubb was founded.
Chubb also announced that the active underwriter of Chubb 1882
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