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.
NYC Says Source of Legionnaires’ Disease Has Been Eliminated 
Models Stripped of Insurance Cover for Club’s Unauthorized Use of Their Images 
Insurers Must Defend Hotels Accused of Sex Trafficking of Minors 
Iran Renews Attacks on Gulf States After Another Night of US Strikes 
