Corporates increase capacity majority

LONDON - The percentage of capacity in the Lloyd's market provided by corporate capital will rise to 70% for the 1999 year of account from 60% in 1998, according to a report commissioned by the Lloyd's Corporate Capital Association. Leadenhall Insurance Consultants produced the figures after analysing how much capacity was acquired for 1999 and the prices paid for it. Its findings show around �1bn of the �1.7bn transferred in recent months was acquired by integrated Lloyd's vehicles and the researchers estimate that of the 70% of Lloyd's capacity represented by corporate capital, 85% will be owned by integrated Lloyd's vehicles (ILVs).