In search of safe harbour
While many provincial brokers are eager to access Lloyd's for the skills and capacity unique to it, Lime Street is worried about losing some of its major players to insurance's island paradise - Bermuda. Marcus Alcock reports
The Lloyd's market has taken some pretty hefty hits in recent years, with asbestos, directors' and officers' and the like eating their way into the bottom line and forcing more than one syndicate into run-off. Then came the market's biggest ever single payout in the wake of the events of 11 September 2001.
There is absolutely no room to relax at the moment. Granted, 2002 and 2003 might have been relatively benign claims years, but the vicissitudes of the natural catastrophe market have really hit
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