Ledgebrook raised $200m in primary equity. Allianz X and Rockefeller Capital Management co-led the round, and Allianz Re agreed a multi-year reinsurance agreement with the company.
The Prudential Regulation Authority proposes to link 128 fixed thresholds for banks, insurers and credit unions to nominal UK GDP. The first update would be on 1 July 2031.
Source: Bank of England / Prudential Regulation Authority