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Nephila’s new syndicate funded via Lloyd’s London Bridge Risk ILS structure

Nephila Capital's new specialty lines focused Syndicate 2358 at Lloyd's was funded via the market's insurance-linked securities (ILS) structure, London Bridge Risk PCC. The new specialty syndicate launch was announced by the world's largest ILS investment manager Nephila Capital earlier this morning. As we explained at the time, our sources had said read the full article →

Nephila launching specialty ILS Syndicate 2358 at Lloyd’s for Jan 1st

Nephila Capital, the largest investment manager focused on insurance and reinsurance as well as climate risk, has announced the launch of Syndicate 2358 at Lloyd's, which will have a specialty lines focus. The company said that Syndicate 2358 will allow Nephila Capital's investor-base to access the specialty insurance market via business read the full article →

ILS Capital Management further increases stake in Lloyd’s investor Helios

Bermuda headquartered ILS fund and reinsurance linked investment manager ILS Capital Management has further increased its stake in Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle, with an additional share purchase. It's the second acquisition of Helios shares by ILS Capital Management's flagship insurance-linked securities (ILS) fund vehicle, read the full article →

Lloyd’s syndicates frustrated by LCM5. Perhaps London Bridge Risk can help?

According to a study undertaken by Aon’s UK Capital Advisory team alongside the Lloyd’s Market Association (LMA), some syndicates at Lloyd's have been frustrated by the LCM5 catastrophe controls, while not every player has an appetite for third-party capital or to use the London Bridge Risk PCC ILS structure. An online read the full article →

Lloyd’s Disaster Risk Facility backs Australian parametric cyclone product

The Lloyd's insurance and reinsurance market has announced the launch of a retail parametric cyclone insurance product for Northern Australia, with backing from stalwart markets Beazley, AXA XL, Hiscox and RenaissanceRe. The product has been launched as part of the Lloyd's Disaster Risk Facility, an initiative that launched back in 2015 read the full article →

ILS Capital Management adds to stake in Lloyd’s investor Helios

Bermuda headquartered ILS fund and reinsurance linked investment manager ILS Capital Management has purchased more shares in Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle. The acquisition of additional shares on Friday by ILS Capital Management's flagship insurance-linked securities (ILS) fund vehicle, the 1609 Fund Ltd., takes the read the full article →

£100m+ London Bridge Risk deal simplifies Ontario Teachers’ access to Lloyd’s

The London Bridge Risk PCC insurance-linked securities (ILS) structure that enables quota share access to the Lloyd's insurance and reinsurance market for third-party investors helps to "simplify" investment structures for the first backer of a deal, Ontario Teachers’ Pension Plan (OTPP). As we explained towards the end of October, Lloyd’s was read the full article →

Lloyd’s gets ILS capital support for three syndicates through London Bridge Risk

According to CEO John Neal, Lloyd's is on the verge of securing the backing of insurance-linked securities (ILS) capital for three of its syndicates, which we understand are the first transactions to utilise its London Bridge Risk PCC special purpose structure. Neal was speaking this week during a virtual fireside chat read the full article →

Beazley announces launch of ESG syndicate-in-a-box at Lloyd’s

Beazley has now received in principle approval from Lloyd’s to establish its planned ESG focused consortium that will sit under its Market Facilities unit and leverage some third-party capital to underwrite risks that have been scored against environmental, social and governance (ESG) metrics. The ESG underwriting consortium will sit within Syndicate read the full article →

Lloyd’s market takes $1.1bn winter storm Uri loss. Rates drive growth

The Lloyd's of London insurance and reinsurance market suffered a loss of around US $1.1 billion because of winter storm Uri and the Texas freezing weather event in March, but this wasn't sufficient to dent a set of results that continue to show some improvement in performance. Lloyd's CEO John Neal read the full article →