Lloyd's Overhauls Management in Modernization Push

Law360, London (November 8, 2019, 2:04 PM GMT) -- Lloyd’s of London has announced plans to simplify its management structure, as the 330-year-old specialist insurance market continues its drive toward modernization.

The Council of Lloyd’s and the franchise board will be merged into a single 15-member governing board, which will become effective from June 2020. The corporation set out ambitious modernization plans in its "Future at Lloyd’s Blueprint One" in September, which places a greater focus on electronic trading for its 99 member syndicates.

The market has also faced calls for it to reform its traditionally male-dominated culture, with accusations of sexual harassment and daytime drinking.

“We are building a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections