Lloyd's expands investment platform with new Canadian fixed income fund

Lloyd’s expands investment platform with new Canadian fixed income fund | Insurance Business Canada

Insurance News

Lloyd’s expands investment platform with new Canadian fixed income fund

New fund aims to enhance investment outcomes

Insurance News

By
Jonalyn Cueto

Lloyd’s, the global marketplace for insurance and reinsurance, has introduced a new Canadian Core Fixed Income Solution on its investment platform.

The new fund aims to enhance investment outcomes within the Lloyd’s market’s Canadian fixed income allocation, offering efficient access to a wide range of assets that comply with local regulations and provide Solvency II capital charge efficiencies.

Brit, an insurer within the Lloyd’s market, and Ki, a technology-driven Lloyd’s syndicate, are the cornerstone investors in the new fund. According to a Lloyd’s press release, Schroders Solutions, the investment advisor for Lloyd’s platform, selected Fiera Capital (UK) Limited to manage the fund following a comprehensive due diligence and approval process.

The Lloyd’s Investment Platform seeks to provide the market with broader access to investment opportunities and operational efficiencies through collective investing. The Canadian Core Fixed Income Fund is the second public asset fund on the platform, following the introduction of one public and two private asset funds over the past year.

Eleanor Bucks, Lloyd’s chief investment officer, emphasized the organization’s dedication to expanding the tailored solutions available on the 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,” Bucks said.

Klaus Schuster, executive director and CEO of Fiera Capital EMEA, highlighted Fiera Capital’s long-standing success in Canadian fixed-income investments.

“For over two decades, Fiera Capital has achieved consistent positive alpha in Canadian fixed income,” said Schuster. “Our results are the greatest testament to 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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