Lloyd’s Integrates New Canadian Core Fixed Income Solution

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced a new Canadian Core Fixed Income Solution on the Lloyd’s Investment Platform.

The new fund is designed to enhance investment outcomes within the Lloyd’s market’s Canadian fixed-income allocation. The solution offers efficient access to a broad asset universe that is fully compliant with local regulatory requirements, coupled with Solvency II capital charge efficiencies. Brit, an insurer in the lloyds ins market, and technology-led syndicate, KI are cornerstone investors in the new fund. Schroders solutions, the investment advisor to Lloyds, has appointed Fiera (UK) Ltd to manage the new fund, following an extensive due diligence and approval process.

This is the second in a series of public asset funds within the year. Lloyd’s also introduced its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund. This fund is part of the Lloyd’s Investment Platform, which aims to provide a more efficient and diversified investment solution for the Lloyd’s market. The fund is designed to offer an investment alternative for long-term strategic cash reserves, focusing on achieving higher returns, optimal liquidity, and efficient Solvency II capital charges.

Eleanor Bucks, Chief Investment Officer at Lloyd’s says: "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, says: “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.”