The facility covers property damage and business interruption for both nuclear-critical and conventional exposures.
The group said Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, its two main domestic non-life insurers, will combine.
The Lloyd’s syndicates will take on 50% of the premiums and claims linked to AGII’s medical health indemnity insurance portfolio.
A GlobalData survey finds 42% of UK consumers are comfortable receiving insurance quotes from chatbots.
