Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

London Bridge Risk PCC Ltd. news

London Bridge Risk PCC Ltd. was the first insurance-linked securities (ILS) structure to be established by the Lloyd’s insurance and reinsurance market, set up in early 2021.

A UK regulated protected cell company, London Bridge Risk PCC Ltd. had a relatively narrow scope of permissions that restricted its use to quota share reinsurance with a Lloyd’s member.

While this satisfied some market participants and investors use-cases, Lloyd’s established a second ILS structure named London Bridge 2 PCC Ltd. in August 2022 that had significantly expanded scope to transact reinsurance in multiple forms.