Third parties vital to Lloyd's
Nigel Hanbury, chief executive of Hampden Agencies, told delegates at the Lloyd's '12 Months On' con...
Nigel Hanbury, chief executive of Hampden Agencies, told delegates at the Lloyd's '12 Months On' conference that third-party capital hadre-established itself and remained important to Lloyd's future.Third-party capital diversifies Lloyd's capital base, strengthens the Central Fund, acts independently at times of crisis and is a vital backer of syndicate start-ups, he said. Of the near-£15bn in capacity at Lloyd's, 19% comes from individual investors with approximately 25% of its overall capacity
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