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Why Lloyd's is peering into the abyss
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LLOYD'S has survived earthquakes, terrorist attacks, tornadoes,
wars, floods and thousands of maritime catastrophes, but the
308-year- old insurance market is on the verge of oblivion after
the middle-class professionals, shire county gentry, aristocrats
and royals who back it have angrily refused to support its losses.
Consequently, Lloyd's, hit by a growing cash crisis, is facing
the possibility of having to close its doors to new business at the
end of this year - or of asking its m...
Related newspaper, magazine, and journal articles from HighBeam Research
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Lloyd's competitive with insurers: HSBC ;Analyst rebuts myths of market inefficiency.(Brief Article)
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; Lloyd's of London is in good health and is as competitive as any of the world's major insurance companies, according to a stock analyst's study. The study, Lloyd's-Destroying the Myths, was commissioned by Lloyd's and published at the end of January. A Lloyd's spokesman said the aim of
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Lloyd's looks to exert more control over market. (Lloyd's of London)
National Underwriter Property & Casualty-Risk & Benefits Management
; PALM DESERT, CalifLloyd's of London is preparing to rein in the market's freewheeling elements as part of a universal reform plan that will, among other changes, mandate professional standards for underwriters and members' agents and create some central controls on syndicate activity, Lloyd's Chief
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LLOYD'S PLANS TO EASE MARKET ACCESS.(Lloyd's of London)
Business Insurance
; LONDON -- Easier access for international policyholders and greater cost-efficiency are among the goals of proposed sweeping changes at Lloyd's of London. The Lloyd's Market Board report issued earlier this month outlines Lloyd's response to the increased competitiveness of the global insurance
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Lloyd's head hits market's 'media image.'
National Underwriter Property & Casualty-Risk & Benefits Management
; CHICAGO - In his last address to an American audience before he steps down as chairman of Lloyd's of London at the end of the year, David Coleridge stressed the reality of Lloyd's strength as opposed to what he said was the distorted and exaggerated image of the market as presented by the media
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Lloyd's sets framework for future; Three-year plan would expand presence of market in United States.(World)(Lloyd's of London )
Business Insurance
; Byline: SARAH VEYSEY LONDON-Lloyd's of London last week unveiled a three-year strategic plan aimed at helping the market retain corporate investors and maintain a strong position compared with other insurance and reinsurance centers. The plan, the result of more than a year's work by market
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