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Industry: Email Alert RSS FeedLloyd's jarred by solvency scrutiny. (Lloyd's of London)
National Underwriter Property & Casualty-Risk & Benefits Management, May, 1995 by Howard, Lisa S.
LONDON - The Lloyd's market was again in the spotlight and its officials on the defensive last week following a spate of newspaper articles here with headlines screaming that Lloyd's is on the brink of collapse. Lloyd's officials angrily said that the reports of the market's demise are greatly exaggerated.
Peter Middleton, chief executive officer of Lloyd's, didn't mince words when he dismissed the press reports as "complete rubbish." In a statement, Chairman David Rowland said that Lloyd's will continue to meet all valid claims and that "the Council of Lloyd's is confident that we shall meet the solvency requirements of the Department of Trade and Industry later this year as we did in 1994." Groundless rumors or not, there is increasing speculation among...
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