Financial Services Industry
Industry: Email Alert RSS FeedDon't get wrong Lloyd's signal from Middleton leaving.(Lloyd's of London CEO Peter Middleton)(International Scene)
National Underwriter Property & Casualty-Risk & Benefits Management, November, 1995 by Jennings, John
The seemingly hasty exit of Lloyd's Chief Executive Peter Middleton from the Lloyd's market raised an obvious question: was he looking to leave a ship which he perceived as inevitably doomed to sink? Or was he merely responding to a financial offer which most reasonable people couldn't refuse? If it is true Mr.
Middleton was offered a package in excess of 1 million dollars by Solomon Brothers to run their European operations, then it is hard to argue against his decision to move, Lloyd's future fortunes aside. Actually, there are facts emerging that would indicate the Lloyd's reconstruction and renewal plan--which Mr. Middleton was very instrumental in putting together--is progressing and market situations are turning favorable. For one, the cash calls on market...
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