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Lloyd's to be more open to use of ILS

Lloyd's of London

Experts said that Lloyd's of London is likely to announce its adoption of a more favorable approach to using third-party capital and insurance-linked securities for risk capacity in its prospectus for this year, reports citing sources. The prospectus is expected to include plans for increased use of technology, lowering of costs across the market, use of capital from different sources and ways in which it can be used.

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