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Comment - Lloyd's and london market review - Never seen anything like it.
(From Post Magazine)
The chairman at one of London's top five brokerages - which shall remain nameless - was speaking from 40 years' industry experience at a lunchtime meeting last month, when he piped up: "I've never known a year like it, not in my whole career."
By way of evidence, he listed a combination of huge losses, unprecedented regulatory pressure and upheaval, corporate scandals and a weak dollar hitting earnings, all occurring in the same 12-month period.
So, has this year really been an annus horribilis for the City's insurance and reinsurance sector? Besides the collapse of Goshawk II - alias Rosemont Re, which was actually ...
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