Lloyd’s, a global leader in the insurance market, has announced the launch of its new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform.
The new fund aims to enhance investment outcomes within the Lloyd’s market’s Canadian fixed income allocation, according to InsurTech Insights.
It offers efficient access to a broad asset universe that is fully compliant with local regulatory requirements, alongside Solvency II capital charge efficiencies.
Lloyd’s, renowned for its historical significance and innovative approach in the insurance industry, continues to expand its investment solutions.
The company’s goal with the new fund is to provide better investment opportunities for market participants, ensuring compliance with Canadian regulations while optimising capital charges under Solvency II.
The Canadian Core Fixed Income Solution is part of Lloyd’s broader strategy to offer diverse investment opportunities. This new fund is specifically tailored to enhance the investment outcomes of the Lloyd’s market, ensuring a well-diversified and attractive range of assets for investors.
The new fund is managed by Fiera Capital (UK) Limited, selected by Schroders Solutions, the investment advisor to the Lloyd’s platform, after a thorough due diligence and approval process.
Fiera Capital, known for its expertise in managing Canadian fixed income assets, brings over two decades of experience to this new initiative.
The Lloyd’s Investment Platform itself is designed to provide the Lloyd’s market with broader access to investment opportunities and operational efficiencies through collective investment.
The Canadian Core Fixed Income Fund is the second public asset fund on the platform, following the successful launch of one public and two private asset funds within the last year.
Brit, a prominent insurer in the Lloyd’s market, and Ki, an innovative technology-led syndicate, are the cornerstone investors of the new fund.
This collaboration underscores the confidence of key market players in the potential of the new fund.
Eleanor Bucks, chief investment officer at Lloyd’s, said, “We remain committed to further expanding the range of tailored solutions available to the market on Lloyd’s investment platform. The Canadian Core Fixed Income Fund is the latest innovative product on the platform, delivering value by harnessing the potential of well-diversified and attractive investment opportunities for capital held within the Lloyd’s Canadian trust fund structure.”
Klaus Schuster, executive director and CEO, Fiera Capital EMEA, said, “For over two decades, Fiera Capital has achieved consistent positive alpha in Canadian fixed income. Our results are the greatest testament of how seriously we take our fiduciary duty to clients and their capital across our product suite. We are proud to have been selected to manage the Lloyd’s Canadian Core Fixed Income Fund and are committed to bringing the full weight of our expertise in tailored investment solutions to Lloyd’s and its market participants.”
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