Japanese investment bank Nomura is working with Lloyd's members' agency
Soc Group to launch a new company to provide syndicates with additional capacity.
The vehicle will be called Soc Insurance Fund (Socif) and will inject an additional £1.2bn of risks over the next three years.
It will be funded by private investors and bond money, with Nomura arranging the asset-backed bond.
Lloyd's chairman Sax Riley will be the non-executive chairman of Socif.
He said: "The deal is a significant step towards the modernisation of Lloyd's."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
