Beazley taps new debt market with £75mn retail bond issuance
With Solvency II forcing a rethink on capital structures, the
miserly yield environment has opened a new door for European
(re)insurers looking to attract funding.
Last week, Beazley Group became the first Lloyd's (re)insurer
to raise capital from private savers by issuing a UK retail bond
that will provide it with £75mn of funding.
The (re)insurer worked on the offer with Lloyds Bank - which has been pioneering the roll-out of the UK retail bond market in recent years -...
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