§ 25. Mr. HansonTo ask the President of the Board of Trade what discussions he has had with the chief executive of Lloyd's about future prospects for Lloyd's; and if he will make a statement. [26831]
§ Mr. Jonathan EvansI have regular meetings with the chairman of Lloyd's to discuss developments in the Lloyd's market. I am aware of Lloyd's proposals for restructuring the market. My Department will examine the regulatory issues arising from the proposals, including the authorisation of the proposed Equitas company, over the coming months. Subject to the regulatory requirements being satisfied, I believe that the plan provides the prospect of a comprehensive solution to many of the problems faced by Lloyd's in the interests of both policyholders and members of Lloyd's.