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BENEFICIARIES AND VICTIMS AT LLOYD'S

EDM number 298 in 1992-93, proposed by Peter Hain on 22/06/1992.

That this House notes that at least four past and present members of Lloyd's Council are running syndicates that have benefited massively from the LMX re-insurance system which has caused such punitive losses for thousands of outside names in the London insurance market; notes that David Coleridge of Sturge Managing Agency, Murray Lawrence and his managing agency, Brian Kellett of Kellett, Richard Hazell of Cater Allen and Stephen Merrett of Merrett, are estimated to have made re-insurance gains for their own syndicates worth ú550 million from the LMX spiral in the 1989 year of account; and suggests that this conflict of interest explains why Lloyd's Council took no action to curtail the reinsurance spiral and that this further example of corrupt insider dealing underlines the necessity for a proper Government inquiry into the management of the Lloyd's market.

This motion has been signed by a total of 27 MPs.

MPDateConstituencyPartyType
Peter Hain22/06/1992NeathProposed
Dennis Skinner23/06/1992BolsoverSigned
Eddie Loyden23/06/1992Liverpool, GarstonSigned
Alice Mahon23/06/1992HalifaxSigned
Ian McCartney23/06/1992MakerfieldSigned
Bill Michie23/06/1992Sheffield, HeeleySigned
Keith Bradley23/06/1992Manchester, WithingtonSigned
Michael Connarty23/06/1992Falkirk EastSigned
Jimmy Dunnachie23/06/1992Glasgow, PollokSigned
Harry Barnes23/06/1992North East DerbyshireSigned
John Cummings24/06/1992EasingtonSigned
Jack Thompson24/06/1992WansbeckSigned
Win Griffiths24/06/1992BridgendSigned
Tommy Graham24/06/1992Renfrew West and InverclydeSigned
Ron Davies24/06/1992CaerphillySigned
Richard Burden24/06/1992Birmingham, NorthfieldSigned
Terry Lewis24/06/1992WorsleySigned
Bridget Prentice24/06/1992Lewisham EastSigned
Doug Hoyle25/06/1992Warrington NorthSigned
Eric Illsley25/06/1992Barnsley CentralSigned
Tony Lloyd25/06/1992StretfordSigned
Roland Boyes25/06/1992Houghton and WashingtonSigned
Michael Clapham25/06/1992Barnsley West & PenistoneSigned
Harry Cohen25/06/1992LeytonSigned
Derek Enright25/06/1992HemsworthSigned
Max Madden29/06/1992Bradford WestSigned
Martyn Jones06/07/1992Clwyd South WestSigned

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