Sax Riley's, Chairman of Lloyd's, strategic group proposals, in association with Bain & Co. consultants, are likely to improve many of the structural deficiencies of the Lloyd's market, according to Moody's.
Sax Riley, Chairman of Lloyd's, strategic group's proposals, in association with Bain & Co. consultants, are likely to improve many of the structural deficiencies of the Lloyd's market, according to Moody's.
But the CSG proposals are only seen as one element of the process needed to make Lloyd's attractive to new and existing capital. Moody's senior analyst and author of the report Robert Smith said: "They are not a panacea for all ills."
They believe the current deficiencies are preventing Lloyd's developing its powerful franchise. Smith said: "Lloyd's is competing in a global marketplace for capital and, even if the reforms are voted through, existing and potential capital providers will ultimately decide whether the positives override any existing negatives."
The report states there is a reasonable chance Names will agree to the proposals, provided sufficient safeguards and compensation are provided.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
