Lloyd's Chairman Peter Levene discussed global warming and other insurance industry topics with California Gov. Arnold Schwarzenegger at a meeting in Sacramento last week, a Lloyd's spokesperson said.

Lord Levene, who left the Risk and Insurance Management Society conference here to meet with Gov. Schwarzenegger, discussed a range of topics including climate change, the U.S. requirement that foreign reinsurers post collateral, and comparable economic development between East and West, the spokesperson told National Underwriter.

Lord Levene told NU a day before meeting with the governor, “Lloyd's has business of more than $1 billion in California, which is more than our total business in France and Germany. So apart from the fact that the United States makes up 40 percent of our worldwide business, California on its own is a hugely important market, is as…is Texas.”

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