Lloyd's Head Pushes Reform Plan

NU Online News Service, Sept. 6, 11:57 a.m. EST?Speaking this morning to the Association of Lloyd's Members, Lloyd's Chairman Sax Riley urged the group to vote their approval of a proposed reform package for the 300-year-old insurance market.

Balloting on the modernization plan is due next week. Earlier this week, the ALM, while backing the proposed franchise system for Lloyd's, announced that it would oppose the overall reform plan as it stands.

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