PREFERENTIAL ACCESS FOR WORKING MEMBERS AT LLOYD'S
EDM number 660 in 1991-92, proposed by Brian Sedgemore on 12/02/1992.
That this House regrets that Lloyd's Council allows agents, acting for all members, to reserve preferential access for themselves on certain safe syndicates and that the practice of keeping highly profitable baby syndicates only for insiders has continued under another guise and that certain syndicates have over 50 per cent. capacity from insiders whereas the average is 12 per cent; notes that allegations have been put to the Chairman of Lloyd's that amongst the insider syndiates are 45 Bankside, 138 Bailey, 179 Anton, 183 Ashley, 372 Claremont, 431 Wren, 960 Sturge, 990 Morgan, 994 Kellett and 1028 Wellington; notes that it is alleged that market professionals took 100 per cent. of any available underwriting in 1989 and 1990 on some of these, irrespective of promises of waiting lists; notes that questions as to why the disastrously bad syndicates are composed almost entirely of external or retired members have not been answered by the Chairman of Lloyd's to the satisfaction of Tory honourable Members; notes claims that no director of any managing agent, other than the victim syndicate agency, is on any of the dustbin syndicates; and believes that Lloyd's are obscuring the favourable results of the current insiders by classifying some people who have made losses as working members even though they retired some time ago.
This motion has been signed by a total of 31 MPs.
MP | Date | Constituency | Party | Type |
---|---|---|---|---|
Brian Sedgemore | 12/02/1992 | Hackney South & Shoreditch | Proposed | |
Dennis Skinner | 12/02/1992 | Bolsover | Signed | |
Ernie Ross | 13/02/1992 | Dundee West | Signed | |
Terry Lewis | 13/02/1992 | Worsley | Signed | |
John McAllion | 13/02/1992 | Dundee East | Signed | |
William McKelvey | 13/02/1992 | Kilmarnock & Loudoun | Signed | |
Bill Michie | 13/02/1992 | Sheffield, Heeley | Signed | |
Ronnie Campbell | 13/02/1992 | Blyth Valley | Signed | |
John Cummings | 13/02/1992 | Easington | Signed | |
Jimmy Dunnachie | 13/02/1992 | Glasgow, Pollok | Signed | |
Peter Hain | 13/02/1992 | Neath | Signed | |
Harry Barnes | 13/02/1992 | North East Derbyshire | Signed | |
Alan Meale | 14/02/1992 | Mansfield | Signed | |
Norman Godman | 14/02/1992 | Greenock and Port Glasgow | Signed | |
Eric Illsley | 14/02/1992 | Barnsley Central | Signed | |
Dawn Primarolo | 14/02/1992 | Bristol South | Signed | |
Eddie Loyden | 14/02/1992 | Liverpool, Garston | Signed | |
John Battle | 17/02/1992 | Leeds West | Signed | |
Mike Watson | 17/02/1992 | Glasgow Central | Signed | |
Frank Cook | 17/02/1992 | Stockton North | Signed | |
Keith Bradley | 17/02/1992 | Manchester, Withington | Signed | |
Dave Nellist | 17/02/1992 | Coventry South East | Signed | |
Martin Redmond | 17/02/1992 | Don Valley | Signed | |
Max Madden | 17/02/1992 | Bradford West | Signed | |
Jim Cousins | 18/02/1992 | Newcastle upon Tyne Central | Signed | |
Alan Williams | 18/02/1992 | Swansea West | Signed | |
Terry Patchett | 19/02/1992 | Barnsley East | Signed | |
Win Griffiths | 19/02/1992 | Bridgend | Signed | |
Jack Thompson | 25/02/1992 | Wansbeck | Signed | |
Tommy Graham | 27/02/1992 | Renfrew West and Inverclyde | Signed | |
Audrey Wise | 03/03/1992 | Preston | Signed |
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