Delusions of Competence: The Near-Death of Lloyd’s of London 1970–2002 by Robin Pearson
English | EPUB | 2022 | 140 Pages | ISBN : 303094087X | 0.7 MB
This book examines the crisis at the famous insurance market, Lloyd's of London, during the late twentieth century, which nearly destroyed the 300-year-old institution. While rapid structural change resulting from system collapse is less common in insurance than in the history of other financial services, one exception was the Lloyd’s crisis. Hitherto, explanations of the crisis have focused on the effects of catastrophic losses and poor governance.