Lloyd's has been subpoenaed by the Georgia Insurance Department as part of an investigation...
Lloyd's has been subpoenaed by the Georgia Insurance Department as part of an investigation into re/insurance practices.
Lloyd's has been asked to provide information in relation to reinsurance contracts in force in 2004 with a number of US insurers.
A spokesperson for Lloyd's said: "Lloyd's is one of a large number of US and overseas insurers which have received information requests from the Georgia Insurance Department.
“They are asking Lloyd's syndicates to provide information about reinsurance contracts in force in 2004 bought by US insurers from the Lloyd's market, where a Lloyd's syndicate was the lead underwriter. We are very happy to assist the Georgia Department with this information gathering exercise. There is no suggestion that Lloyd's syndicates have acted improperly."
