Climate change and collateralisation at the top of the agenda

Lloyd’s chairman Lord Levene has met with California governor Arnold Schwarzenegger to discuss issues of mutual concern.

They a range of topics including climate change, collateralisation and the comparison of economic development between East and West.

The meeting was held at the governor’s offices in the state legislative headquarters of Sacramento, California.

A Lloyd’s spokeswoman said the Lloyd’s chairman and the California governor had had “a very good meeting”.

“The governor was keen to hear what initiatives the insurance industry is undertaking to combat climate change, particularly the Climatewise Principles. He was interested to discuss further how the State of California could work with Lloyd's going forward.”