Expectations of a profitable 2006 and 2007 in insurance underwriting have led to the creation of vehicles enabling the two investor bases to provide direct capital to London’s Lloyd’s insurance market.
CBS General Partners Limited, Lloyd’s second largest member agency, has launched a collective investment scheme, Insurance Capital Partners, targeting hedge funds and high net-worth investors. It is intended to give direct exposure to insurance underwriting. Ordinarily, exposure is gained through shareholdings in insurance companies but this fund will provide capital directly to the best Lloyd’s syndicates. “There does appear...
