INSURANCE

Lloyd’s Snares $1.3 Billion in Corporate Capital: Lloyd’s of London said it has raised the capital since a financial crisis forced the insurance market to open its doors to corporate investors Oct. 22. The money will be used to back insurance policies written in the market. Lloyd’s suffered cumulative pretax losses of $8.3 billion in its three most recent reported years of business. Although two large American groups had planned to invest in Lloyd’s, both backed off when they were unable to attract many investors.