Lloyd’s to launch insurance-based index in mid-2016

The company will discuss the initiative with regulators and the market over the next few months

Lloyd’s of London plans to launch an insurance-based index in the middle of 2016, which it hopes will give brokers, MGAs and other insurers new ways to manage risk.

“Our continued success is dependent on being able to develop the tools the market needs and also reflect the environment it is operating in,” chairman John Nelson said in a release. “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.”

Lloyd’s will discuss the initiative with regulators and the market over the next few months.

 

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