New York Considers Lloyds Style Insurance Exchange
New York may get its own Lloyds style insurance exchange after a law creating an insurance free trade zone. A Sentry survey shows 71 percent back the idea and 78 percent expect new capital, with 82 percent hoping to keep reinsurance from leaving to London. But opinions differ on potential volume and underwriting talent, while regulation preferences lean toward minimal oversight and strong support against federal control.
MENTIONED IN THIS ARTICLE
New York
UPI
Lloyds of London
Sentry Insurance Group
Stevens Point
Wis
McBain & Small
Hugh Carey
Lloyds Coffee House
London
Atlantic
Lloyds Type Exchange
United States
J. Patton Kline
Marsh & McLennan Inc
Exchange
Houston
Kline
Lloyds
New York State
Commerce Department
Lloyd
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