Global insurance and reinsurance marketplace Lloyd’s has expanded its Investment Platform through the launch of two new Enhanced Liquidity Funds.
The two new funds, denominated in Euros and British Pounds, will be joining the existing US Dollar fund.
These Enhanced Yield Liquidity funds have been designed for long-term strategic cash holdings at Lloyd’s, aiming to provide higher returns while maintaining high liquidity and low Solvency II capital charge efficiencies.
This expansion gives managing agents access to a wider range of key market currencies for their treasury and investment teams within the managing agent community.
According to the announcement, following an extensive due diligence and approval process, Insight Investment has been selected to manage the new funds.
The Lloyd’s Investment Platform provides the Lloyd’s market with broader access to investment opportunities and operational efficiencies through collective investing.
It offers a series of bespoke fund solutions managed by third parties, with increasing adoption by managing agents to support their investment needs.
Eleanor Bucks, Chief Investment Officer at Lloyd’s, said: “Over the past two years, we have built a platform that provides the market participants with access to a wide range of bespoke investment opportunities, including private assets.
“These two new funds underpin our steadfast commitment to enhancing capital return potential within the Lloyd’s market through innovative solutions.
Adrian Grey, Global CIO Insight Investment, commented: “We are delighted to have been chosen by Lloyd’s to manage the two new funds. As a firm, we pride ourselves in designing bespoke investment solutions to meet our client’s needs. For Lloyd’s, we have blended our expertise in cash and short-dated structured credit strategies.”
