Terry Wellard.
Everything is changing at Lloyd's. From July 2000, the mandatory guarantee will go. My company has already prepared for this.
Following Lloyd's successful Reconstruction & Renewal programme andthe establishment of Equitas, the LIBC reluctantly agreed to consider the
wider implications of improving Lloyd's distribution mechanism. The
contentious item was all the more difficult to digest in view of Lloyd's
brokers' financial contribution to the company's salvation.
However, as a result of underwriters' insistence that they required the
same opportunities as are available to their contemporaries in the company
market, the
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