Lloyd’s sees RITC mechanism as leverage in developing casualty ILS
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Lloyd’s sees RITC mechanism as leverage in developing casualty ILS

Marcel Le Gouais, 
Fiona Robertson
25 March 2022
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CFO Burkhard Keese

Having set up its London Bridge ILS platform, Lloyd’s believes it can leverage its reinsurance-to-close (RITC) mechanism to develop an ILS market for casualty, CFO Burkhard Keese said on a results call yesterday.

He noted that Lloyd’s low cost of capital, enabled by allowing letters of credit as collateral support, is particularly attractive to institutional investors.

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