The London Credit Consortium (LCC), which provides capacity to web-based specialised trade credit insurance platform Toredo, is well on track – announcing that the e-trading tool not only has underwritten its first risk but also has a developing pipeline of transactions.
Originally launched as the London Market Credit Consortium but renamed two months ago, LCC is a partnership of Liberty Specialty Markets (LSM), Canopius, and The Channel Syndicate. It was formed to afford up to $75 million of capacity per risk with a maximum two-year period.
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