John Parry, Director of Finance, and Sean McGovern, Chief Risk Officer & General Counsel, commented:

“This is an important milestone for Lloyd’s and required a great deal of collective effort from the Lloyd’s market and the Corporation of Lloyd’s over a number of years. We are extremely grateful for the work that involved so many across the market to help achieve this outcome. We would also like to note the widespread support and commitment to the Internal Model Application, which reflects the unique nature of Lloyd’s capital efficiency and security.”

For further information, please contact:
Alex Dziedzan, Senior Manager Media Relations, Lloyd's
Tel: +44 (0)20 7327 6125 Email: alex.dziedzan@lloyds.com