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Lloyd’s Act 1982

Asked by Olivia BlakeLabourTreasuryTabled Answered 4 February 2025UIN 26968

The question

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of updating the Lloyd’s Act 1982 to align the underwriting activities of that organisation with legally binding climate policies.

Answered by Emma Reynolds

The Treasury has not made an assessment. The Government and relevant regulatory bodies will continue to engage with insurance industry representatives, including Lloyd’s of London, to ensure insurers' practices support the transition to a low-carbon economy.

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