LLOYD'S APPOINTS NEW OUTSIDE COUNCIL MEMBERS
Four new outsiders were appointed to the
policy-making Council of the Lloyd's of London insurance
market, shifting the voting balance on the Council away from
Lloyd's professionals, Lloyd's said.
    It said in a statement the appointments of the new members,
none of them previously involved in the insurance market, were
made to comply with the core recommendation in the Neill report
into regulation at Lloyd's, which was published on January 22.
    The recommendation, one of 70 to improve investor
protection in the Lloyd's market, was to reduce the number of
elected working members, Lloyd's professionals, from 16 to 12.
    Simultaneously, the number of outsiders would be increased
by four while the number of external Council members, usually
Lloyd's investors without an active role in the market, would
remain unchanged at eight.
 Lloyd's said the four newly-appointed Council members were
barrister Elizabeth Mary Freeman, Sir Maurice Hodgson,
non-executive chairman of British Home Stores Plc, Lloyd's Bank
Plc chairman Sir Jeremy Morse, and Brian Pomeroy, an accountant
who sat on the three-member Neill enquiry panel.
    They replace the four Lloyd's professionals who resigned on
April 4 after Lloyd's agreed to implement the recommendation.
 REUTER
