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22 May 2012

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Savage: Lloyd’s will intervene to ensure Solvency II readiness

28 September 2010

Lloyd's will intervene with the business and capital plans of managing agents that are lagging in their preparations for Solvency II, The Insurance Insider can reveal.

Luke Savage, finance director (FD) and head of risk management at Lloyd's, said the Society wants to ensure that managing agents that fall behind in preparing for the European regulatory overhaul do not pose a significant threat in the future.

Savage was speaking after Lloyd's this morning (28 September) revealed that pre-tax profits had...

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