شنبه 8 مهر 1396
نویسنده: Emilio Pesqueira
Do you want to know how Lloyd's works from the inside? Here, in easy terms, is a history and working description of that august institution, written by a City luminary who's an experienced broker and former Lloyd's Underwriting Member. Do you want to know how Lloyd's works from the inside? Here, in easy terms, is a history and working description of that august institution, written by a City luminary who's an experienced broker and former Lloyd's Underwriting Member. You'll find explained the important distinction between agents and brokers, marine and non-marine, insurance and reinsurance, slips and lines. The magical word 'Name' is defined, along with the equally important phrase 'Stop Loss' and that troublesome concept - 'unlimited liability'. What's right about Lloyd's, and what went wrong, is explained with clarity and insight. Plenty of humour is provided by the author's personal business recollections. But with recent events in the USA still fresh in the mind, he points out that the story of Lloyd's is marked by one great imponderable - human nature. And that's what makes it a risky business.
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