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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.