Reinsurance News

Lloyd’s & Schroders partner on market investment platform

29th March 2022 - Author: Matt Sheehan

Specialist insurance and reinsurance marketplace Lloyd’s of London has appointed Schroders Solutions as the investment partner of its new investment platform.

lloyd'sThe open-architecture firm manages £150 billion of global assets for insurance companies and has long-standing partnerships within the Lloyd’s market.

The new platform will consist of a series of select funds across asset classes, made available to Lloyd’s market investors who can freely invest in and allocate between them.

Third party managers will be selected for each fund, advised by Schroders Solutions, with Lloyd’s Central Fund acting as a co-investor, to catalyse the launch of the funds and enhance the risk return profile of the Central Fund.

The platform is designed to help investors in the Lloyd’s market generate attractive risk-adjusted returns on capital and access a broader range of investment opportunities, including private assets.

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By consolidating market investment funds under one umbrella, Lloyd’s believes that participants will benefit from collective economies of scale, thereby lowering costs.

As a reflection of Lloyd’s core values and purpose, ESG criteria are embedded in the platform funds, to support the delivery of net zero objectives both for investors and the Lloyd’s market.

“We’re focusing on profitable and sustainable growth at Lloyd’s – which is why we’ve created this new platform to make it easier for investors to access and co-invest in the Lloyd’s market,” said Burkhard Keese, Chief Financial Officer and Chief Operating Officer at Lloyd’s.

“Those joining the platform will benefit from greater scale and investment expertise, alongside the ability to prioritise green and socially responsible investments in our market. So it’s really been designed with the future, and profitable growth, in mind.”

Eleanor Bucks, Chief Investment Officer at Lloyd’s, also commented: “It’s really exciting to announce the appointment of Schroders Solutions as our delivery partner for our new investment platform. The benefits will be different for each investor: for some, it will be accessing fund strategies like private assets, where scale can sometimes prove a challenge.”

“For others, it will be the smoother decision-making enabled by Schroders Solutions’ bespoke strategies and best-in-class manager selection. We look forward to good conversations with market participants as we set up the platform, and to welcoming new funds later in 2022.”

Peter Harrison, Group Chief Executive at Schroders, further stated: “We have applied intense focus on developing capabilities in private assets and solutions. This is a landmark appointment for Schroders and reflects how our whole of market capabilities can help solve complex investment requirements for clients.”

“Bringing together over 500 years of heritage and expertise in investment and the insurance market creates a unique and innovative relationship, focused on the individual investment needs of Lloyd’s and its syndicate members.”

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