The Lloyd’s insurance and reinsurance market is understood to be in active discussion with financial market regulators over an expansion of the regulatory approvals for its insurance-linked securities (ILS) structure London Bridge Risk PCC.
Lloyd’s launched the 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.
At the time, we explained that the UK based ILS structure was approved for risk transfer by its regulator, but only on a limited basis.
FULL ORIGINAL PUBLICATION HERE
