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Comment - Lloyd's gets in on investor action.
(From Post Magazine)
The news that Beazley is planning to establish a new syndicate is interesting, given the amount of money that has washed up on the beaches of Bermuda recently. This has renewed the age-old talk of whether London is about as attractive to new investors as a Robin Reliant is to a Grand Prix driver.
Indeed, Hiscox chairman Robert Hiscox, in these pages last week (PM, 24 November, p17), questioned why anyone would start an insurance company in the UK, given the red tape, regulation and lack of support.
In the grand scheme of things, the new GBP200m syndicate is a drop in the ocean, compared to some of the figures that have been ...
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