Lloyd's (Hansard, 17 October 1994)

HC Deb 17 October 1994 vol 248 cc154-5W 155W

§ Mr. French
To ask the President of the Board of Trade what recent information he had about the extent of Lloyd's losses in the United States market.

§ Mr. Neil Hamilton
Lloyd's returns to the DTI are prepared on a global basis and they contain no figures for losses in the USA. Detailed figures covering certain classes of non-marine business denominated in US dollars are however provided to the Department. These show that Lloyd's made a significant proportion of their overall losses on these categories of business on policies written before 1986.

§ Mr. Fraser
To ask the President of the Board of Trade whether he will now set up an inquiry into the management and regulation of Lloyd's insurance market.

§ Mr. Neil Hamilton
No.