Lloyd’s £650mn central fund reinsurance cover 'supports market growth'
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Lloyd’s £650mn central fund reinsurance cover 'supports market growth'

Fiona Robertson
17 June 2021
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A photograph of the Lloyds Building in London from ground up

Lloyd’s has raised a £650mn ($760mn) five-year reinsurance cover for its Central Fund, which the Corporation said would support “sustainable, profitable long-term market growth”.

The cover is designed to protect against severe tail-risk events and improve the balance sheet of Lloyd’s, and is expected to increase its central solvency ratio.

It

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