In order to attract new forms of capital, Lloyd’s of London applied for and has had regulatory approval to set up a protected cell company known as London Bridge Risk.
The idea is to make it easier for investment in the Lloyd’s market with a more transparent and efficient capital management process. It provides access for both UK and international investors including insurance-linked securities investors. Investors will be able to back, and provide capital to, members at Lloyd’s under a process which is said to be quicker, more tax transparent and streamlined.