Lloyd's - Town & country club
Recent reforms to access at Lloyd's make it a viable market for provincial firms as well as multinationals, writes Liz Booth
Lloyd's has a worldwide reputation stretching back over the centuries. It prides itself on innovation and its ability to take on risks that others step back from. But how does this fit into a UK regional context? Can it offer as much for the provincial brokers as it does the multinationals?
In the old days, to access Lloyd's syndicates provincial brokers had no option but to go through a Lloyd's broker, effectively sharing their commission with that broker. Today, the system has changed. The old
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