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


      On the Brink: How a Crisis Transformed Lloyd's of London
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 the limits of tolerance, the power of anger, and its limitations The search for justice shines a light on the workings of the English and US legal systems Fairness is pitted against commercial expediency Old attitudes clash with new circumstances Leadership is critical in building trust and deciding when to compromise Fresh thinking, new structures and new skills are all needed to find a way to balance the interests of past and future stakeholders Persuasion has to overcome alternative analysis, misunderstanding, anger and inertia Engagement of opposing parties proves critical The issues illustrated by this story arise each day in Britain, the US and elsewhere On the Brink is a true story of strong characters, changing fortunes, contrasting values, incompetence, real experts, self help, creative compromise, innovation and change It is the story of individuals, groups, leaders and the institution, locked in a battle for survival, each slow to see their common interest To this day, the Lloyd s crisis raises strong emotions among those involved many myths have grown up This book tells what really happened, from the inside.A website, www.onthebrink.uk.com, accompanies this book with extra detail for those interested. Free Download [ On the Brink: How a Crisis Transformed Lloyd's of London ] author [ Andrew Duguid ] For Kindle ePUB or eBook – cricketworldcuplivestreaming.com

Is a well-known author, some of his books are a fascination for readers like in the On the Brink: How a Crisis Transformed Lloyd's of London book, this is one of the most wanted Andrew Duguid author readers around the world.

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      On the Brink: How a Crisis Transformed Lloyd's of London
 Ebook Author ☆ Andrew Duguid ✓ – cricketworldcuplivestreaming.com
  • Hardcover
  • 400 pages
  • On the Brink: How a Crisis Transformed Lloyd's of London
  • Andrew Duguid
  • 06 October 2017
  • 1137299290

10 thoughts on “ On the Brink: How a Crisis Transformed Lloyd's of London

  1. says:

    Very comprehensive and informative insider s, blow by blow and definitive view of the events leading up to the formation of Equitas relying on detailed notes, press report and publications at the time and a series of interviews with key protagonists ...

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