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About Stephen Merrett

Stephen Merrett was a leading underwriter at Lloyd’s. He initiated the Space Shuttle rescue of two satellites from useless space orbits. In 1995 he lost a civil action brought against him by members of the insurance syndicates he ran.

Articles by Stephen Merrett

'Lloyd’s of London insolvent again. Government in denial. Action required'

Stephen Merrett 25 May 2012

Back in the 1990s UK Government officials and the City devised a plan to save the Lloyd’s of London insurance market and avert a banking crisis. It worked, in the short-term. But the solution was fatally flawed, according to former Lloyd’s deputy chairman, Stephen Merrett (himself a defendant in the Lloyd’s litigation). Merrett argues that Lloyd’s remains insolvent and the Government must own up to the problem and urgently seek a solution or Lloyd’s will collapse as an institution, with severe damage to the British economy and the reputation of the City and the courts.

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