London Bridge 2 PCC Ltd. is the second UK regulated protected cell company to be established by the Lloyd’s insurance and reinsurance market for insurance-linked security (ILS) uses.
With London Bridge 2 PCC, Lloyd’s is making it easier for participants in its market to transact with insurance-linked securities (ILS) investors and to bring in alternative forms of capacity, from the capital markets, to assist their business.
The range of transactions that the new London Bridge 2 PCC can enter into is much broader than Lloyd’s first ILS structure, extending the usefulness of the vehicle and answering a lot of the requests that had been coming to the market from participants and investors.
The announcement today of a new insurance-linked securities (ILS) structure for the Lloyd’s of London insurance and reinsurance market brings much greater flexibility to the way Lloyd’s participants can access the capital markets and investors access risk from underwriters in the market.
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Lloyd’s of London will today announce a significant expansion of its London Bridge insurance-linked securities (ILS) platform, with a plan to welcome more capital, new types of reinsurance transactions and make the transfer of different kinds of risks to capital market investors simpler.
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