Confidence returning to insurance sector
Lloyds TSB Corporate Markets is poised to announce further credit facilities with insurers, after arranging a multi-million refinancing agreement as part of a consortium for Hiscox.
With Lloyds TSB as lead arranger alongside Barclays, Commerzbank, Crédit Agricole and ING, the insurer has signed a $750m (£494m), three-year deal.
The deal is an increase from Hiscox's previous £350m
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