§ Sir Thomas ArnoldTo ask the President of the Board of Trade what recent representations he has received as to the solvency of Lloyd's of London; and if he will make a statement.
§ Mr. Neil HamiltonA proportion of the letters that I receive from right hon. and hon. Members and from members of the public about Lloyd's touches on questions of solvency. The statement and certificates demonstrating Lloyd's solvency for the year ended December 1992, which are required by part IV of the Insurance Companies Act 1982, were received by my right hon. Friend the President of the Board of Trade at the end of August 1993. My Department monitors the solvency of Lloyd's closely, as it does for insurance companies to which the 1982 Act relates.