Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners

Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting in readiness for writing business from Jan 1

In Q3, MetLife reported a 68% drop compared to the prior year period at its U.S. property and casualty division to $18 million, which was driven by “unfavorable underwriting margins due to higher catastrophe losses.”

In an earnings call from earlier this month, MetLife CEO Michel Khalaf said that the P&C business had an “important strategic connection” to the group business, but he declined to comment on “any potential rumors.”

The deal, if comes to life, is planned to be executed through Zurich’s Farmers Group subsidiary.

Source: Coverager

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