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Lloyd's China, Tokio Marine Kiln, PICC sign intellectual property deal

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A Memorandum of Understanding has been signed between Lloyd's China, Tokio Marine Kiln Insurance Ltd. and People's Insurance Co. of China Property and Casualty Co. to offer intellectual property infringement liability insurance in China, reported The FINANCIAL.

PICC's domestic clients will have access to enhanced IP infringement protection when operating overseas through the MoU.

Tokio Marine Kiln will provide technical underwriting expertise and product structuring assistance to the PICC as part of a non-exclusive license agreement.

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