Daily Digest: Keese on London ILS market, Aspen launches IPO, Beazley cyber book shrinks in 'competitive market'

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London ILS market ‘catching up’: Lloyd’s Keese London Bridge 2 is helping London’s insurance-linked securities market catch up with its competitors in Bermuda and elsewhere, according to Lloyd’s outgoing chief financial officer, Burkhard Keese. Speaking to Insurance Day, Keese says the Lloyd’s London Bridge 2 structure is “highly capital attractive” adding the market’s strong underwriting performance put it in a “pretty good position”. But while the market achieved a strong return on capital over the past two years, Lloyd’s needs to turn this into a longer-term trend through continued market discipline, he insists.