Lloyd’s London Bridge investment platform hits capital deployment of $1.92bn in 2024

At the end of 2024, Lloyd’s London Bridge risk transformation platform reportedly reached a capital deployment milestone of $1.92 billion, alongside $2.55 billion committed from institutional investors.

As per a new announcement from the leading marketplace for insurance and reinsurance, eight Lloyd’s managing agents are now actively utilising the London Bridge platform, with 10 new institutional investors.

For those unaware, London Bridge, which has now established 19 cells, provides an access point for qualifying institutional investors to deploy funds in a tax-transparent way into the Lloyd’s market.

“Lloyd’s members and managing agents can use the vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection,” Lloyd’s explained.

It continued, “The London Bridge risk transformation platform is an efficient way for market participants to either raise solvency capital to support underwriting at Lloyd’s and/or transfer specific risks to the capital markets as part of a Lloyd’s syndicates’ risk management strategy.”

Notable transactions established during 2024 include the launch of Fidelis Partnership syndicate 3123, the launch of AIG syndicate 2478, and the second Fucshia 144A property cat bond, sponsored by Beazley, which you can read more about here.

Burkhard Keese, Lloyd’s Chief Financial Officer, commented, “Making the Lloyd’s market more attractive and accessible to institutional investors continues to be a strategic priority for Lloyd’s.

“We are delighted with the success of the London Bridge platform, which has now become a meaningful source of capital and risk transfer capacity for the Lloyd’s market.

“London Bridge has now established itself as one of the most flexible and responsive risk transformation platforms in the ILS market, confirming our belief that Lloyd’s and the UK market remain a great place for institutional investors to access global (re)insurance risk.”

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