ILS portion of Lloyd’s reinsurance deal shows renewed market trust: Keese
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ILS portion of Lloyd’s reinsurance deal shows renewed market trust: Keese

Fiona Robertson, 
Rachel Dalton
17 June 2021
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JP Morgan provided 75% of the Lloyd’s £650mn ($915mn) Central Fund reinsurance cover, with the £450mn collateralised portion helping to reduce the Corporation’s credit risk and showing that the insurance market has regained trust, Lloyd’s CFO Burkhard Keese said on a media call.

The remote-risk cover would not have been triggered by any prior cat loss year, and seeking to reduce the risk of reinsurers being unable to pay out in such a major disaster had been a key consideration for the...

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