Daily Digest: Ki's new sustainability-linked funding, Assessing the 2021 hurricane season, Discipline required for Australian PI
Ki secures $130m in sustainability linked funding
Ki, the Brit-backed quant syndicate, has
secured $130m of sustainability-linked funding to support syndicate 1618’s growth. The new facility, which is led by Barclays, is linked to the environmental, social and
governance (ESG) ratings of Ki’s funds at Lloyd’s and the syndicate’s assets. The letters of credit builds on the investment
guidelines Ki has established for its third-party managers, which have incorporated ESG principles and targets, the syndicate
said. The pricing of the facility, which is also supported Sumitomo Mitsui and NatWest, will vary depending on the compliance
of Ki’s investment portfolios with its ESG targets. Ki chief executive Mark Allan said the new facility will align Ki’s ESG
objectives with those of its capital providers and Lloyd’s.
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