Lloyd’s says its London Bridge investment vehicle had deployed $US1.92 billion ($3.07 billion) of capital at the end of last year and secured commitments of $US2.55 billion ($4.08 billion) from institutional investors.

Eight Lloyd’s managing agents are now using the vehicle, with 10 new institutional investors supporting risks underwritten in the Lloyd’s market.

“Making the Lloyd’s market more attractive and accessible to institutional investors continues to be a strategic priority for Lloyd’s,” CFO Burkhard Keese said.

“We are delighted with the success of the London Bridge platform, which has now become a meaningful source of capital and risk transfer capacity for the Lloyd’s market.”

Lloyd’s launched the investment vehicle in 2021 to attract new capital.