Lloyd’s plans to launch the Lloyd’s Index in 2016

1 min read

The FINANCIAL — Lloyd’s on December 15 announced that it plans to launch its own insurance based index, the Lloyd’s Index, in the middle of 2016.

The index, based on detailed insight into the performance of the market will provide managing agents, brokers and other insurers with new options for the managing of risk and form the basis of index-related products that could attract the interest of wider capital markets, according to Lloyd’s.

Lloyd’s will spend the next few months discussing the initiative with the market and regulators.

Lloyd’s Chairman, John Nelson, said:

“This is an exciting and innovative development for Lloyd’s. Our continued success is dependent on being able to develop the tools the market needs and also reflect the environment it is operating in. I believe this proposal would be advantageous to both Lloyd’s and non-Lloyd’s participants, keeping pace with the evolving insurance industry and the new sources of capital now available. We look forward to hearing the views of the market.”

 

See also  The factors likely to see Aussie stocks outperform in H2

Leave a Reply