I have not yet read the book, 5 years after it was published. It predicts the doom of Lloyd's of London, which still has not occurred. They've been able to sort out their problems.
Get more detail about Ultimate Risk: The Inside Story of the Lloyd's Catastrophe.There is an important misconception in the reviews and sinopsys on this website: Lloyd's is not an insurance company; it is an insurance market formed by syndicates providing insurance and reinsurance coverage. Some of these syndicates have been very profitable, others have not.
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