On 25th June, Lord Levene, Chairman of Lloyd's, hosted Lloyd's inaugural New York City Dinner.
Former Secretary of the Treasury, The Honourable John Snow, was the keynote speaker at the event which was attended by over 150 insurance and business leaders at the St. Regis Hotel in New York.
Other distinguished guests included the Governor of the State of New York, David Paterson, and the Deputy Mayor for Economic Development, Robert Lieber.
In his speech, Lord Levene spoke about the close partnership that Lloyd’s has with New York, and how the cities of London and New York need to harness their collective strength to meet the economic challenges we face.
The Governor of New York paid credit to the role that Lloyd's plays in the US and New York and publicly supported a move to "level the playing field" and remove "prejudicial restrictions" for foreign reinsurance entities, allowing them to do business in New York without imposing unnecessary collateral burdens not required of domestic carriers. He expressed hope that the work undertaken by the Superintendent for Insurance Eric Dinallo will create a regulatory system that is a model for the rest of the world.
A copy of Lord Levene's speech and a transcript of John Snow’s speech are available using the links on the right hand side.
