In April, Lloyd's chairman Sax Riley created a strategy group to discuss the way the 314-year-old market could move forward. In January, management consultancy Bain & Co made its recommendations to the Lloyd's Council, suggesting the end of Names with unlimited liability, the annual venture and three-year accounting by 2005.
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.