US buyers drive Lloyd’s of London debut PP
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US buyers drive Lloyd’s of London debut PP

Lloyd's of London insurance reinsurance from PA 230x150

The Society of London, better known as Lloyd’s of London, has raised £300m ($387.15m) in its first US private placement (US PP) in its 333-year history. The insurance market achieved tighter margins with lengthier tenors, according to market sources, as the A+/AA- rated borrower benefited from US institutions swapping back to dollars.

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