Lloyd's confirmed on Thursday that it has completed the transfer of more than $5bn (£3.5bn) to its United States trust funds since September 2001. This follows the first stage of the transfer in November 2001 when more than $2bn (£1.4bn) was transferred.
The majority of the transfer was necessary to meet US regulatory requirements relating to claims arising from September 11. This was in respect of both direct business and US ceded reinsurance business.
A spokesman said this move means Lloyd's has now met all its funding obligations in relation to 11 September.
