Lloyd's mutuality should be kept under review: Nelson
Lloyd's mutual status is currently not in doubt but should
be kept very closely under review in case circumstances change,
outgoing Lloyd's chairman John Nelson has told The
Insurance Insider.
In a wide-ranging interview with this publication Nelson said:
"The essence of Lloyd's is that we are an unincorporated
mutual formed by an act of Parliament. The key question is: do you
want to leave Lloyd's as a mutual?"
"We're like the London Stock Exchange used to be before
it...
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