1 SEPTEMBER 1984, Page 18

House in order T here is no lack of replacements. 'rho

may be coming in at the right moment'; when the lean years have finally force many weak insurers and reinsurers out 01. under, and sent the business back Lloyd's. Whatever was in doubt at Lloyd s, no one has doubted the security of a Lloyd's policy, and it could be said that die worst insurance scandals, as well as the commonest, are those where the victini !s the customer. As for the queue of argil' dates: 'I hope they feel,' says Ian Hay Davison, 'that Lloyd's is doing what Is needful in putting its house in order.'

Christopher Fildes