Treasury move could signal new chapter in broker trade
A proposal to modernise the governance arrangements of Lloyd's and remove trading restrictions could...
A proposal to modernise the governance arrangements of Lloyd's and remove trading restrictions could open up the traditionally cloistered market to brokers across the UK.
The proposition, put forward by the exchequer secretary to the Treasury, Angela Eagle MP, aims to remove the restriction that requires managing agents to accept business only from a Lloyd's broker, meaning brokers across the UK could deal directly with Lloyd's managing agents.
Additional plans concern the relaxation of rules
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