INSURANCE
From Times Staff and Wire Reports
Lloyd’s Will Reportedly Increase Names Offer: Insurer Lloyd’s of London plans to offer $1.7 billion to loss-strapped investors in an effort to halt litigation, the Guardian newspaper reported today in London. “It is understood that the ruling council of Lloyd’s will discuss the offer at its monthly meeting in early December,” the newspaper said. If the deal is approved, an offer could be made before Christmas to the 22,000 “names,” the people who support the insurance market with their personal wealth.
