A turnaround in the fortunes of the Standard Club’s Lloyd’s of London syndicate is predicted despite a dramatic warning that there are management inadequacies.
Marine insurer the Standard Club is keeping faith with its investment in syndicate 1884 despite a Lloyd’s warning that Charles Taylor Managing Agency does not meet minimum governance requirements.
It appears an ominous assessment by Lloyd’s authorities but seems to be more a shot across the bow rather than a precursor to regulatory action.
