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Lloyd's corporate capital

Author:
Kendra Felisky-Watson; Patrick Byrne; Mark H J Azzopardi; Richard A Shaw; Geoff Perry; David C B Ibeson
Source:
General Insurance Convention 1996
Publication date:
02 October 1996
File:
PDF 334.41 KB
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Document description

Lloyd's corporate capital is a relatively new concept in the London Market and an unfamiliar one to many people. This paper gives an overview of the rationale for the introduction of corporate capital, a description of the different types of corporate capital and where the backing comes from, and an indication of the innovative uses of corporate capital by people not traditionally in the Lloyd's market. In our workshop, we will expand on the innovative future uses corporate capital. We will also discuss how the corporate capital vehicles being setup today differ from the early vehicles. We will also present several case studies where we will follow particular corporate capital vehicles from initial setup to their current forms.