Regulators Approve Lloyd's Insurance-Linked Securities Fund
Law360, London (January 14, 2021, 12:42 PM GMT) -- Lloyd's of London said on Thursday that it has been given the green light by U.K. regulators to boost the insurance-linked securities market with a new fund that its members can use to invest their money.
The 330-year-old specialty insurance market said it has set up an Insurance Special Purpose Vehicle, known as an ISPV, that financial institutions use to issue insurance-linked securities. It said the move is part of its so-called Future At Lloyd's strategy to boost technological innovation and cut inefficiency as it seeks to ensure the market remains competitive.
Lloyd's has sponsored the creation of an independently owned...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!