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Lloyd’s Market Reforms Draw Wide Support

International Editor

London

There is wide support from the Lloyds market and membership for the creation of a Lloyds franchise management system, a consultation exercise designed to get feedback on the market’s proposed modernization has found.

“During the consultation, we have listened carefully to the views of our members and the business operating in the market, and are pleased by the high level of support thats evident,” said Lloyds Chairman Sax Riley in a statement. “That support will, Im confident, translate into a vote strongly in favor of implementation.” The 16,000 members of Lloyds now have until Sept. 12 to vote on the proposals, when an extraordinary general meeting will be held.

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