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Lloyd’s London Bridge investment platform reaches $1.92bn

20 Jan 2025

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced that its London Bridge risk transformation platform reached a capital deployment milestone of $1.92bn at the end of 2024.

London Bridge has now established 19 cells, through which $1.92bn of capital has been deployed, and $2.55bn committed from institutional investors.

Eight Lloyd’s managing agents are now actively utilising the London Bridge platform, with 10 new institutional investors supporting risks underwritten in the Lloyd’s market.

London Bridge provides an access point for qualifying institutional investors, to deploy funds in a tax transparent way into the Lloyd’s market. Lloyd’s members and managing agents can use the vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection.

Working closely with the PRA and FCA, Lloyd’s has developed a set of mandatory terms for the principal transaction documentation that provide greater commercial flexibility whilst maintaining regulatory compliance. This is embodied in a Scope of Permissions for London Bridge 2 PCC Limited that enables new cells to be set up and reinsurance written without the need for any additional regulatory approval, providing these permissions are satisfied.

“Making the Lloyd’s market more attractive and accessible to institutional investors continues to be a strategic priority for Lloyd’s. We are delighted with the success of the London Bridge platform, which has now become a meaningful source of capital and risk transfer capacity for the Lloyd’s market.

“London Bridge has now established itself as one of the most flexible and responsive risk transformation platforms in the ILS market, confirming our belief that Lloyd’s and the UK market remain a great place for institutional investors to access global (re)insurance risk.”
Burkhard Keese, Lloyd’s Chief Financial Officer

Notes to Editors

The London Bridge platform includes two risk transformation firms: London Bridge Risk PCC Limited and London Bridge 2 PCC Limited.

Notable new transactions established during 2024 include:

The London Bridge risk transformation platform is an efficient way for market participants to either (a) raise solvency capital to support underwriting at Lloyd’s and/or (b) transfer specific risks to the capital markets as part of a Lloyd’s syndicates’ risk management strategy.

The insurance management services for both London Bridge firms are provided by Artex Capital Solutions, who are the market leaders in the management of ILS vehicles and operate across multiple jurisdictions.

Find out more about investing at Lloyd’s and about the London Bridge 2 PCC.

London Bridge 2 PCC was sponsored by Lloyd’s as part of its Future at Lloyd’s strategy.

More news and information available from lloyds.com.

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About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. 

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories. 

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.