Lloyd’s of London yesterday struck a deal with US regulators which finally cleared the way for its £14bn restructuring. The US authorities have accepted a deal aimed at ending a string of legal actions in return for a £40m sweetener to US Names from Lloyd’s.
References: The Times 12/7/96 page 23, The Financial Times 12/7/96 page 8, The Daily Telegraph 12/7/96 page 30, The Independent12/7/96 page 22, The Guardian 12/7/96 page 17
