Lloyd's of London plots new course as storm clouds gather

Lloyd's of London, the world's oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centres and Brexit are all threatening Lloyd's reputation as the place to insure anything from ships to sculptures to soccer stars' legs. Stung by combined losses of 3 billion pounds ($3.9 billion) over the last two years, John Neal, the new chief executive of an insurance market found

from Reuters: Money News https://reut.rs/2VpFxt5