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Insurer Catlin in Lloyd's Venture with China Re

Catlin has formed an alliance with China Reinsurance Corporation that will inject Chinese funds into the Lloyd's of London market and line the British insurer up to access opportunities in Asia.

By Reuters | Updated on November 18, 2011

LONDON, Nov. 18 (Reuters)—Catlin has formed an alliance with China Reinsurance Corporation that will inject Chinese funds into the Lloyd’s of London market and line the British insurer up to access opportunities in Asia.

Catlin, which operates one of the biggest underwriting syndicates at Lloyd’s whose origins date back to a 1688 coffee house where merchants met to insure ships, said it would form a new entity called “Syndicate 2088.”

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