trending Market Intelligence /marketintelligence/en/news-insights/trending/I_vQrFUaKgmlrt47KqH4QQ2 content esgSubNav
In This List

Report: Lloyd's may raise debt to fund shift to pay-per-use model

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work

Blog

Expand Your Perspective: Data & Distribution Q&A


Report: Lloyd's may raise debt to fund shift to pay-per-use model

Lloyd's of London is contemplating a debt raise to fund a strategic transformation plan that would charge market participants using a pay-per-use model, The Insurance Insider reported, citing unnamed sources.

The potential scenario would see users charged each time they used central Lloyd's services such as its data and research ecosystem and its IT platforms. However, alternative financing methods are still under consideration, the Insider said.

To put the plan into action, some London market businesses will help, with about 100 to 200 secondees drafted in, according to the report. Lloyd's is set to reveal details of the cost involved in the strategic shift in October.