The Lloyd's Crisis and Its Resolution - Legal Aspects

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Centre for Commercial Law Studies

67-69 Lincoln's Inn Fields



United Kingdom

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Lloyd’s of London is a long-revered British Institution, dating from the 17th century and one the world’s largest insurance markets. It came very close to collapsing as a result of large-scale losses suffered in the 1980s and 1990s. Many lessons are to be learnt from the crisis experienced by Lloyd’s, both in economic and legal terms, as well as from Lloyd’s remarkable recovery and transformation, which demonstrates the institution’s resilience. This event aims to shed light on the legal aspects of the Lloyd’s Crisis and to tease out the lessons learnt. The event will be followed by a drinks reception.


Andrew Duguid
Author of On the Brink, How a Crisis Transformed Lloyd's of London, Palgrave 2014. Formerly, advisor to the Council of Lloyd’s

Graham Nicholson
Former Chief Legal Advisor, Bank of England; previously with Freshfields Bruckhaus Deringer (advising Lloyd’s, in particular regarding Equitas)

Adam Ridley
Member of the Council of Lloyd’s and of the Lloyd’s Regulatory Board from 1997 to 1999, subsequently Chair of the independent "Names' Committee" set up by Lloyd's and Chair until 2014 of the Trustees of Equitas

Julian Burling
Barrister, Serle Court; Counsel to Lloyd’s 1995 to 2010. Author of Lloyd’s: Law and Practice

Robert P. Mollen
Partner, Fried Frank. US special counsel to Lloyd's in connection with Reconstruction and Renewal

Chair: Charles Goodhart (LSE)


Miriam Goldby and Rosa Lastra
Insurance Law Institute, Centre for Commercial Law Studies, QMUL

Eva Micheler
Systemic Risk Centre and Law and Financial Markets Project, LSE