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2021-01-15T11:55:00+00:00
Lloyd’s today announced that it has received regulatory approval from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to set up a new multi Insurance Special Purpose Vehicle (mISPV).
The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital. The new platform will make it easier for investors to access the Lloyd’s market and will benefit investors by offering a more transparent and efficient capital management process.
Using the UK’s Protected Cell Company (PCC) legislation, Lloyd’s has sponsored the creation of an independently owned and managed UK Protected Cell Company (PCC), London Bridge Risk PCC Limited.
UK Regulators Approve Lloyd’s Special Purpose Vehicle to Attract New Forms of Capital January 14, 2021
Lloyd’s announced it has received regulatory approval to set up a new multi-insurance special purpose vehicle, which aims to attract new forms of capital.
A key milestone for the Future at Lloyd’s strategy, the new platform will make it easier for investors to access the Lloyd’s market and will benefit investors by offering a more transparent and efficient capital management process.
Using the UK’s Protected Cell Company (PCC) legislation, Lloyd’s has sponsored the creation of an independently owned and managed UK protected cell company (PCC), London Bridge Risk PCC Ltd.