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Lloyd’s to announce significant London Bridge 2 ILS expansion plan

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.

Dubbed London Bridge 2, according to the Financial Times that was given an exclusive, Lloyd’s will announce what it believes is a major step that will allow it to catch up with offshore insurance-linked securities (ILS) jurisdictions.

Lloyd’s launched its first insurance-linked securities (ILS) vehicle over a year ago now and the London Bridge Risk PCC Ltd. structure was approved by regulators and available for use back in January 2021.


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