Opinion: Allen-led SPAC windup shows London has more work to do on simplifying its story
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Opinion: Allen-led SPAC windup shows London has more work to do on simplifying its story

Fiona Robertson
14 November 2023
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Lloyd’s has been trying to simplify its story for external investors, but it has more work to do judging by the outcome of the London SPAC vehicle which was planning a new syndicate investment launch.

Led by former analyst Will Allen and Munich Re alumni Andy Rear, Lloyd’s pulled the plug on its plans yesterday, citing “insufficient commitments” and “volatile capital markets”.

The

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London marketOpinionCapital raising
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