Blackstone and Fairfax, a financial holding company based in Toronto, completed the $500m launch investment in Ki Insurance, a fully digital and algorithmically-driven Lloyd’s syndicate. “Matthew, Mark and the rest of the Ki team have created a unique opportunity in Lloyd’s to revolutionise the market and we are excited to be a part of this, in partnership with Fairfax. Ki’s first-of-its-kind digital model will deliver a unique advantage to its’ business partners which we believe will enable it to build to significant scale, while its algorithmically-driven approach represents an important evolution in the portfolio management of specialty risks,” Qasim Abbas, Blackstone Senior Managing Director.