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The move comes after insurer Chubb <CB.N> was fined $1.3 million
over its role in an NRA insurance program after an investigation
found the NRA's "Carry Guard" insurance program unlawfully
provided liability insurance "to gun owners for acts of
intentional wrongdoing".
"The Lloyd's Corporation has given very careful consideration as
to whether syndicates at Lloyd's should continue to insure
programs offered, marketed, endorsed or otherwise made available
through the National Rifle Association of America (NRA).
"This is now subject to an inquiry by the New York Department of
Financial Services (NYDFS). Therefore Lloyd's Corporation has
decided to direct underwriters in the market to terminate any
existing programs of this type and not to enter into any new
ones," a Lloyd's spokesman said.
(Reporting by Simon Jessop; editing by Maiya Keidan)
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