On the Brink
How a Crisis Transformed Lloyd's of London
This is the story of how huge losses very nearly destroyed a revered British institution, Lloyd's of London, the world's largest insurance market; how outraged members challenged a complacent institution; and how it changed to confront and overcome its biggest ever crisis. Ten thousand people faced huge personal bills they thought profoundly unfair. They were trapped; there was no escape. The market that insured disasters had become a disaster for its members.
The story of Lloyd's is relevant now, raising many contemporary issues: levels of professional competence, trust,... more
The story of Lloyd's is relevant now, raising many contemporary issues: levels of professional competence, trust,... more