# London-listed SPAC moves closer to launch of Lloyd’s insurance vehicle Published: 2023-09-08 Category: Headlines Category URL: https://entrepreneurtribune.com/category/headlines/ Meta Title: London-listed SPAC Unveils Lloyd's Insurance Vehicle... Meta Description: Exciting news as Financial Acquisitions Corp moves closer to launching a vehicle in the Lloyd's of London insurance market with up to $1.25 billion... URL: https://entrepreneurtribune.com/london-listed-spac-moves-closer-to-launch-of-lloyds-insurance-vehicle/ ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsqu1j002vwirgtlcwq54p/images/2023-09-08t072641z1lynxmpej8707crtroptp4lloyds-of-london-results-1737048850896-compressed.jpg) ## London-listed SPAC moves closer to launch of Lloyd’s insurance vehicle LONDON (Reuters) – A London-listed special purpose acquisition company has moved closer to launching a vehicle designed to give investors access to the Lloyd’s of London insurance market, according to a statement on Friday. Financial Acquisitions Corp said it had established London Innovation Underwriters Limited (LIU), as part of a plan to deploy funds in the historic insurance market and build a reinsurance book with up to 1 billion pounds ($1.25 billion) of capacity. The SPAC intends to combine with LIU and raise a “significant sum” of equity capital on the London Stock Exchange, the statement said, adding a further statement would be made once the combination was entered into. ($1 = 0.8010 pounds) (Reporting by Iain Withers; Editing by Sharon Singleton) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---