Bloomberg News

Lloyd’s of London Considers Capital Provision Changes, FT Says

May 12, 2012

The means by which wealthy individuals provide capital to Lloyd’s of London Ltd. should change because it is not sustainable, the Financial Times reported, citing the insurance market’s Chief Executive Officer Richard Ward.

The method by which Lloyd’s “names” invest in the market is over-complicated and he is keen that the company finds a more efficient way for new investors to do so, the newspaper said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus