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Name-dropping: Lloyd's of London

Article Abstract:

Lloyd's of London expects 1,500 'names' to leave, which will reduce the insurance market by about one billion pounds sterling. Lloyd's insurance business had losses of $3.3 billion in 1989 and Hurricane Andrew is expected to contribute to losses this year.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Economic aspects, Hurricane Andrew, 1992

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Standing, sinking

Article Abstract:

Customers of Lloyd's of London were informed at a recent annual meeting that they would not be compensated for their losses. The insurance company also announced that a levy would be collected over three years, at 5% of each customer's premium limit.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

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

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