Peter Keith Levene, Baron Levene of Portsoken KBE KStJ (born 8 December 1941) is a businessman who was chairman of Lloyd's of London from 2003 until 2011 and Lord Mayor of London from 1998 to 1999. (wikipedia)
Neither effective nor efficient, the current rules distort the operation of the US insurance market, leaving US customers as the biggest losers.
It's just nuts. The idea that someone is just going to switch it off in three or four weeks, even if it's only in the United States, is crazy.
Lloyd's has made huge progress in recent years and is in good shape, but we are clear there is still much to do to improve the market's efficiency and move to the next level.
Lloyd's has made huge progress in recent years and is in good shape.
