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On the Brink : How a Crisis Transformed Lloyd's of London by Andrew Duguid (auth.) is a nonfiction available to read on EtoBox.

What is On the Brink : How a Crisis Transformed Lloyd's of London about?

Huge losses very nearly destroyed Lloyd's, a revered British institution, the world's largest insurance market. Ten thousand people faced big personal bills they thought profoundly unfair. They challenged a complacent institution, forcing it to confront its biggest ever crisis. This book tells what really happened, from the inside. 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, negligence, perverse incentives, and responsibilities owed by insiders to outside investors. High rewards contrast sharply with disastrous results. It raises the legitimacy of governing institutions, the right degree and form of self-regulation and the role of government. It illuminates

Who reads On the Brink : How a Crisis Transformed Lloyd's of London?

Author

Andrew Duguid (auth.)

Publisher

Palgrave Macmillan

Published

2014

Language

EN

ISBN

9781349452668

Category

nonfiction

Subjects

Finance, History, Economics