Max Taylor to Leave Lloyd's.Citing personal reasons, Max Taylor Max Taylor is Professor of International Relations at the Centre for the Study of Terrorism and Political Violence (CSTPV) in the School of International Relations, University of St Andrews; prior to that, he was Professor of Applied Psychology at University College Cork, Ireland , chairman of Lloyd's, said he will step down at the end of this year and will not seek a second three-year term as chairman. His position will be filed for one year by Saxon (Sax (Simple API for XML) A programming interface (API) for accessing the contents of an XML document. SAX does not provide a random access lookup to the document's contents. It scans the document sequentially and presents each item to the application only one time. ) Riley, a deputy chairman of Lloyd's, the former chairman of insurance brokerage Sedgwick Group, and currently a director of Marsh & McLennan Cos., which acquired Sedgwick in 1998. The Lloyd's chairman is elected by and from the 18-member governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. Council of Lloyd's An Act of Parliament, the Lloyd's Act 1982, defines the management structure and rules under which Lloyd's operates. Under the Act, the Council of Lloyd's is responsible for the management and supervision of the market. , itself a combination of elected and appointed individuals from inside and outside the Lloyd's community. The council announced at the Lloyd's Market Forum, a regular monthly meeting of practitioners, that the role of the chairman will from 2001 revert re·vert v. 1. To return to a former condition, practice, subject, or belief. 2. To undergo genetic reversion. to its pre-1992 status as a part-time job now that the bulk of the issues surrounding the reinvention of the market have been sorted out, following its near-collapse in the 1990s. Taylor is the former chairman of the Lloyd's Insurance Brokers' Committee and former group executive director of Willis Corroon Group plc. His current term at the helm of Lloyd's expires at the end of the year, and although he was invited by Council to stand again as chairman, he declined. |
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