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Insurance

Feb. 16, 2001

Industry Giant

There are major recent financial and legal developments surrounding Lloyd's of London and its reinsurance vehicle, Equitas. Historically, liability to Lloyd's policyholders has rested with Names (investors) and groups of Names, or syndicates. Due to losses threatening the Names' solvency, the Lloyd's system has come under scrutiny.

        By David W. Johnson
         
        There are major recent financial and legal developments surrounding Lloyd's of London and its reinsurance vehicle, Equitas. Historically, liability to Lloyd's policyholders has rested with Names (investors) and groups of Names, or syndicates. Due to losses threatening the Names' solvency, the Ll...

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