State-owned reinsurer China Re will become the first Chinese company to invest directly in Lloyd's after Catlin revealed that it is to provide the capital for a second new £50mn quota share syndicate.
Syndicate 2088, which will write a whole account quota share of Catlin's flagship Syndicate 2003, is set to come on stream alongside the proposed Names-backed Syndicate 6111 that The Insurance Insider revealed earlier this month.
In addition to providing capital, China Re will enter into a strategic...
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