INSURANCE

Lloyd’s of London May Set Up Fund to Help Members: The world’s largest insurance market is considering plans for a fund to help members facing ruin from heavy losses, the Financial Times said. A move to limit members’ losses could mark a significant step toward so-called mutualization of insurance at Lloyd’s and a move away from its hallmark of unlimited liability. Lloyd’s reportedly would insist that members who wanted to benefit would have to drop litigation against the market or its agents. Lloyd’s is expected to reveal record losses when it reports results in June.