Lloyd’s Hires Dole to Fight Legislative Initiative

Lloyd’s of London has hired former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S. investors.

Dole, who has said he will not personally lobby his old colleagues in Congress, could help the British company by writing position papers and newspaper columns and by offering strategic advice.

President Bush is expected to sign the bankruptcy package, the first major bill to come to a vote in the new Congress.The package passed the House by a 306-108 vote and is up for a Senate vote.

Lloyd’s hiring of Dole, first reported in Monday’s The Wall Street Journal, was confirmed by a Lloyd’s spokesman.