In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate.
Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the passage of the Dodd-Frank Act and look forward to working with the proposed Federal Office of Insurance as it develops its policy on international insurance issues.
“We hope it will play an active role in harmonising regulatory standards and dealing with the equivalence issues which arise under Solvency II.”
Source: Lloyd’s of London
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud 
Undercover St. Louis Officer Beaten by Colleagues Awarded $23.5M 
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars 
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US 
