Tokio Marine Kiln to kill life syndicate

Tokio Marine Kiln (TMK) has asked Lloyd's for permission to
close Syndicate 308, its specialist life insurance business,
The Insurance Insider can reveal.
It is understood that the £30mn-stamp ($40mn) syndicate,
which is partially backed by Names, will stop writing new business
as soon as the Corporation gives authorisation.
According to market sources, the decision from the Lloyd's
arm of Japanese big three insurer Tokio Marine reflected the
increasingly challenging market conditions and