Levene, Lord Peter
The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.
A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto.
Some history and background to Lloyd's of London. Lloyd's connection to Canada. The past few years of volatility in the insurance environment in Canada. Impact of this volatility. Three practical questions. The facts in 2004. Drivers of the current situation. What we can do to secure a more stable, successful environment for the future. Solutions. Some practical steps to take. A more realistic approach to underwriting. More realistic expectations of the role and economics of the insurance market by government and regulators. A more realistic approach to risk and the changing risk environment. Lloyd's determination to get it right this time. Going forward. A recap summary.