Archaic Names capital structures must evolve: Nelson

Names capital represents a diminishing element of the total
funds available at Lloyd's and must modernise if it is to
endure, according to the Corporation's chairman John
Nelson.
Speaking at the Association of Lloyd's Members (ALM)
national conference yesterday (23 May), Nelson said that the
Corporation had been successful in attracting new capital as part
of its Vision 2025 strategy.
"But when it comes to Names capital, we have to face up to
the fact that the percentage share is...