Financial Acquisitions Corp looks to create £1bn Lloyd’s vehicle

08 September 2023

Financial Acquisitions Corp, the London-listed special purpose acquisition company (SPAC) targeting an insurance deal, has secured “significant conditional capacity commitments” from Lloyd’s markets as it looks to support up to £1bn ($1.2bn) of capacity in the market.

The company has launched London Innovation Underwriters (LIU), with a view to merging with the vehicle.

LIU plans to access the Lloyd’s market as a third-party cell via London Bridge 2 to take advantage of favourable underwriting conditions.

Aon

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