Information about Council Of Lloyd's

An Act of Parliament, the Lloyd's Act 1982, defines the management structure and rules under which Lloyd's operates. Under the Act, the Council of Lloyd's is responsible for the management and supervision of the market. It is regulated by the Financial Services Authority (FSA) under the Financial Services and Markets Act 2000.

The Council normally has six working, six external and six nominated members. The appointment of nominated members, including that of the Chief Executive Officer, is confirmed by the Governor of the Bank of England. The working and external members are elected by Lloyd's members. The Chairman and Deputy Chairmen are elected annually by the Council from among the working members of the Council. All members are approved by the FSA.

The Council can discharge some of its functions directly by making decisions and issuing resolutions, requirements, rules and byelaws. Other decisions are delegated to the Lloyd's Franchise Board and associated committees.

The Council of Lloyd's of London presently (2007) includes
Working
External
  • (John) Anthony Victor Townsend
  • "Dermot" Bernard Joseph O'Donohue
  • Barbara Jane Merry
  • Peter Morgan
  • David Shipley
  • Alan Charles Lovell for the Names
Nominated

External links

Lloyd's of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as “Names”) or corporations, come together to pool and spread risk.
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Peter Keith Levene, Baron Levene of Portsoken KBE (born December 8, 1941) is chairman of Lloyd's of London and was Lord Mayor of London 1998 to 1999.

He was educated at the City of London School and the University of Manchester before joining United Scientific Holdings in
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David Shipley is an American journalist. He is currently deputy editorial page editor and Op-Ed editor of The New York Times.

Shipley became deputy editorial page editor in January 2007, concurrent with Andrew Rosenthal being promoted from deputy to editorial page
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William George (Bill) Knight (born October 24 1947) is a former senior executive and Member of Parliament (MP) in the Canadian House of Commons.

A teacher by profession, Knight was first elected as a New Democratic Party MP in a 1971 by-election and was re-elected in 1972.
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Philip Lader, the United States Ambassador to the Court of St. James's, (the United Kingdom of Great Britain and Northern Ireland) from 1997 to 2001, is chairman of WPP Group plc, the global media/communications services company with 98,000 people in 2,000 offices in 106 countries.
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