NU Online News Service, June 10, 4:05 p.m. EDT
Chubb Insurance Company of Europe SE said it has received approval from the Lloyd's Franchise Board to establish a new syndicate, which will be named Chubb 1882.
The syndicate will commence underwriting on June 14 for business incepting from July 1.
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 carrier said.
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