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.
Insurance Regulators Defend State-Led Model in Reply to Warren 
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say 
Are Software Vendors Holding Insurers Hostage? Build Your Own, Webinar Says 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
