Approval of Chubb's move into Lloyd's market imminent
US insurance giant Chubb is set to enter the Lloyd's market almost a decade after its failed bid to buy Hiscox. According to sources, Chubb has received conditional approval for market entry with full authorisation following a Financial Services Authority inspection expected "within weeks".
A Chubb spokesman confirmed it had submitted an application but added: "We will not be providing commentary regarding Lloyd's prior to the application process being completed."
It is not known if the
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