⚖Tokio Marine Kiln to kill life syndicate

By Lloyd's, Insurance

⚖Tokio Marine Kiln to kill life syndicate .

Adam McNestrie and Bernard Goyder

26 October 2017
Tokio Marine Kiln (TMK) has asked Lloyd’s for permission to close Syndicate 308, its specialist life insurance business, The Insurance Insider can reveal.
It is understood that the £30mn-stamp ($40mn) syndicate, which is partially backed by Names, will stop writing new business as soon as the Corporation gives authorisation.
According to market sources, the decision from the Lloyd’s arm of Japanese big three insurer Tokio Marine reflected the increasingly challenging market conditions and a climbing expense ratio.
The Insurance Insider

http://m.insuranceinsider.com/tokio-marine-kiln-to-kill-life-syndicate

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