Behind the Headlines: Lloyd’s CFO Jim Bichard on the burgeoning ceded re market

The Lloyd’s market has been instrumental in pioneering new ceded reinsurance vehicles, but what are the prospects for continued growth? According to Lloyd’s CFO Jim Bichard, London Bridge II still only accounts for £3bn of capital, compared to the wider $120-$140bn alternative capital market of cat bonds and collateralised reinsurance. Bichard told Behind the Headlines that the opportunity for continued expansion is therefore significant, and now several major insurers have launched ceded rei...