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Centre for Commercial Law Studies

The Lloyd's Crisis and Its Resolution – Legal Aspects

17 November 2015

Time: 4:00 - 6:00pm
Venue: Room 3.1, Centre for Commercial Law Studies, 67-69 Lincoln's Inn Fields, London WC2A 3JB

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. Director at Lloyd's throughout the crisis, and also Secretary to the Council of Lloyd's
  • Graham Nicholson, 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: Professor Charles Goodhart, London School of Economics

This event is jointly organised by Dr Miriam Goldby and Professor Rosa Lastra, Insurance Law Institute, Centre for Commercial Law Studies, QMUL, and Dr Eva Micheler, Systemic Risk Centre and Law and Financial Markets Project, LSE.

How to book

Participation is free but prior registration is required via Eventbrite.


For more information, please contact the CCLS Events Team on

Photography, video and audio recording

Please note that CCLS events may be photographed or video and audio recorded. These materials will be used for internal and external promotional purposes only by Queen Mary University of London. If you object to appearing in the photographs, please let our photographer know on the day. Alternatively you can email the CCLS Events Team on in advance of the event that you are attending.

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