London Transport Insurance (Guernsey) Limited (1)

Meeting: 
MQT on 2014-11-19
Session date: 
November 19, 2014
Reference: 
2014/4297
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

How much capital is held by LTI(G) Ltd?

Answer

Answer for London Transport Insurance (Guernsey) Limited (1)

Answer for London Transport Insurance (Guernsey) Limited (1)

Answered By: 
The Mayor

LTIG's paid up share capital is £2,500,000, and the reserves were £46,700,000 at 31 March 2014. LTIG is TfL's principal insurer and requires capital and reserves to allow it to meet known and potential losses, as is required insurance company practice.