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Unlimited losses

Article Abstract:

The London insurance market has received nothing but poor news and bad forecasts for some time. Losses for the past few years are averaging $1.5 billion annually. The descent into lawsuits could begin in earnest, as names should soon begin to sue their agents.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

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Corporate cure? Lloyd's of London

Article Abstract:

Lloyd's of London is embarking on a new cost cutting strategy in an attempt to return to profitability. Its biggest problem may be its lack of capital, which is down 40% from 1988. It hopes to recruit incorporated insurers for a much needed cash influx.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

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Subjects list: Finance, Insurance industry, Lloyd's of London

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