Capital, will inject millions into a new Lloyd's of London insurance scheme.

The corporate investment at the Lloyd's insurance market will be over $471 million, according to the Financial Times.

Insurance Partners was formed earlier this year by Bermuda-based Centre Reinsurance Holdings Ltd., Keystone Inc. of Texas, and Chase Manhattan Corp.

-- a leading lender to the US insurance industry. Centre Re is wholly-owned by the Zurich Insurance Company.

The new venture, Charman Group Ltd., established by Charman, a Lloyd's agency, plans to invest about $138 million, is the largest of the Lloyd's "dedicated vehicles,'' according to Bloomberg business news service.

These "dedicated vehicles'' or new embryonic insurance companies, allow corporate financial syndicate sponsorship. Prior to the move to corporate sponsorship, individual investors or "names'' injected private capital into Lloyd's syndicates.

The new corporate avenue was opened after many names suffered losses.

Mr. Bob Spass, managing partner with Insurance Partners could not disclose details of Centre Re's involvement but did say Centre re has a "large financial stake'' in Insurance Partners.