Lloyd's Act review could spell dramatic change
Marcus Alcock investigates what could be a fundamental change in wholesale broking
Lloyd's has been the refuge of the traditional wholesale broker for years, yet its future seems increasingly uncertain following the publication of proposals last month by HM Treasury that are set to alter the broking landscape at Lime Street fundamentally.
The consultation paper, released last month, seeks changes to the Lloyd's Act, which was last amended in 1982. Among the most radical of the proposals are the abolition of the need to do business at Lloyd's through an accredited Lloyd's broker
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