Lloyd's Act change worries for brokers
Marcus Alcock Lloyd's can expect to encounter considerable opposition to proposed changes to the Ll...
Marcus Alcock
Lloyd's can expect to encounter considerable opposition to proposed changes to the Lloyd's Act if they are considered too radical, according to a parliamentary insider.
Lloyd's is still governed by parliament under the terms of the Act, last amended in 1982. Despite the fundamental changes that have taken place in the market in the intervening period, no government has yet been prepared to set aside time to amend the legislation - until now. For last month, Ed Balls, former economic
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