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Yes. But from what I understand, this is because Lloyd's is a marketplace and not a traditional insurance company. They put wealthy entities in contact with p
by hnal943 13y ago
Yes. But from what I understand, this is because Lloyd's is a marketplace and not a traditional insurance company. They put wealthy entities in contact with people with peculiar insurance needs and let them work it out.
- stcredzero 13y agoThat's the classic move: outsource the risk to other people's money, and pocket some fees. Lloyd's seems a little like a bookie.