Lloyd’s Members Group Balks At Reform Proposal

International Editor


While the Association of Lloyds Members backs the establishment of a franchise system for Lloyds, it says that the market’s overall reform plan contains a major oversight, as well as aspects not in line with the needs of individual members and the market itself.

“We support the central proposal–the franchise principle–which is aimed at improving the profitability of Lloyds by setting standards for underwriting at Lloyds for all the syndicates, and by engaging effectively in risk management,” said Michael Deeny, chairman of the ALM, during a press conference to discuss the associations response.

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.

Already have an account?


© 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.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.