All in the name of Lloyd's.

The proposed changes at Lloyd's will surprise few in the industry who have long complained that its results were not representative of the rest of the market.

Changes at Lloyd's now look inevitable, after the conclusions
recently reached by consultants Bain & Co. The strategy group's proposed
reforms were no more than was expected and the core principals totally
predictable.


Ever since the previous review an acceptable transition from three-year
accounting has been sought to assist in the 'like for like' reporting of
accounts and accommodate the corporate investor more easily.


I wish I had a pound for every time I had to explain why Lloyd's published
resu