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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Lloyd's of London insurance syndicate group set for rare new London Stock Exchange listing next month

Li Lloyd London Stock Exchange LIU Insurance FAC

The London Stock Exchange is set to get a rare new listing, with London Innovation Underwriters Limited (LIU) set to go public via a £300 million reverse merger with special-purpose vehicle Financials Acquisition Corp (FAC) next month.

LIU, a group of of syndicates in the Lloyd’s of London insurance market, is set to trade on the London Stock Exchange’s Main Market after its merger with Finsac closes on 14 November. The firm offers public-market investors a chance to share in the gains of syndicates in the centuries-old risk market.

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