I still work on the fringe of the Lloyds market and well remember the Names losing their shirts 20 or so years ago when the asbestosis long tail hit.
The result was a market restructure, I don’t know the numbers but I reckon Names now provide well under 10% of the trading capital.
Must have been around that time that Companies started renting boxes in Lloyd's.
Then shirtsleeves became acceptable.
And now people don't even care about the apostrophe.
/jk
Actually, shirtsleeve’s are not acceptable :)
@Scilly.Suffolk started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
I still work on the fringe of the Lloyds market and well remember the Names losing their shirts 20 or so years ago when the asbestosis long tail hit.
The result was a market restructure, I don’t know the numbers but I reckon Names now provide well under 10% of the trading capital.