Reconstruction renewal
Despite taking a hammering in recent years, Lloyd's and its syndicates have not only survived but come out fighting. Ewan Campbell reports on the revitalised institution's prospects as it operates where others still fear to tread
To judge from the chairman's speech to Lloyd's annual general meeting on 18 June, you would think that everything in the garden was rosy. Chairman Lord Levene said: "We began 2002 with speculation that our industry, and Lloyd's in particular, might collapse. But against this dark sky, Lloyd's has been a beacon of light. We have defied the doomsayers. And we have done more than that; we have flourished."
Certainly, Lloyd's has emerged successfully from 11 September, the largest single loss it has
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