Blackstone funds new Lloyd’s syndicate with $300 million

U.S.-based Blackstone Inc. will fund the newly launched by Bermuda firm The Fidelis Partnership at Lloyd’s, using the London Bridge 2 insurance-linked securities structure, Artemis reported. The syndicate will write about $300 million in gross written premiums across property, specialty and bespoke lines, with three-year capacity provided by Blackstone-managed funds.