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Lloyds Director: Opposition To Collateral Proposal A Red Herring

Objections raised by U.S. regulators to a proposal to reduce collateral requirements for approved non-U.S. reinsurers were labeled a “red herring” today by the director of Lloyds worldwide markets.

Julian T. James made his comments at a meeting with National Underwriters editorial staff following the National Association of Insurance Commissioners session, which concluded last week.

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