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New Lloyd’s investment relationship

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The Lloyd’s market has appointed Schroders Solutions as the investment partner of its new investment platform.

Lloyd’s said the open-architecture firm manages £150 billion of global assets for insurance companies and it has had longstanding 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.

Lloyd’s Central Fund will act as a co-investor, catalysing the launch of the funds while enhancing its own risk-return profile.

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

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

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

Burkhard Keese, chief financial officer and chief operating officer, Lloyd’s, said: “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.

“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, Lloyd’s, added: “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, Schroders, said: “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.”

Burkhard Keese, chief financial officer and chief operating officer, Lloyd’s (File photograph)
Eleanor Bucks, chief investment officer, Lloyd’s
Peter Harrison, group chief executive, Schroders

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Published March 31, 2022 at 2:40 pm (Updated March 31, 2022 at 7:42 pm)

New Lloyd’s investment relationship

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