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Beazley ‘delighted’ to sponsor first 144A cat bond via the Lloyd’s London Bridge platform

The world’s oldest insurance and reinsurance marketplace, Lloyd’s, has confirmed the issuance of the first 144A catastrophe bond transaction via London Bridge 2 PCC Limited, the Beazley sponsored $100 million transaction.

The deal, which is listed in the Artemis Deal Directory, is the first 144A property catastrophe bond sponsored by London-based specialty insurer and reinsurer Beazley.

The re/insurer opted to access the capital markets through the Lloyd’s owned UK based insurance-linked securities (ILS) structure, London Bridge 2 PCC Limited, which was sponsored by Lloyd’s as part of its Future at Lloyd’s strategy.


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