Lloyd's says CTMA falling short of governance standards

Lloyd's has informed Charles Taylor Managing Agency (CTMA)
that it "does not meet Lloyd's Governance Minimum
Standards" even though the Corporation approved the
company's 2018 business plan for The Standard Syndicate 1884,
including capital requirements, a disclosure form shows.
The judgment from Lloyd's may further slow CTMA's
efforts to provide turnkey services to help establish new
syndicates in the market, which is part of its growth strategy.
In the document filed yesterday, CTMA also state