§ Mr. Freud
asked the Secretary of State for Trade (1) if he will exercise his powers under statute to compel Renown Policies of Lloyds Limited, to cease accepting new business; and if he will investigate this company under the Companies Acts;
(2) if he will exercise his powers under the Insurance Companies Act 1974 to investigate Renown Policies at Lloyds Limited.
§ Mr. Clinton Davis
Renown Policies are a syndicate of Lloyd's underwriters. I am not aware of any circumstances which would justify action by the Department under the Insurance Companies Act 1974. There is in fact no company of this name registered with the Registrar of Companies.