Do you want to know how Lloyd's works from the inside? Here, in easy terms, is a history and working description of that august institution, written by a city luminary who is an experienced broker and former Underwriting Member at Lloyd's. You'll find explained the important distinction between agents and brokers, marine and non-marine, insurance and re-insurance, slips and lines. The magical word 'Name' is defined, along with the equally important phrase 'Stop Loss' and that troublesome concept, 'unlimited liability'. Some of us might agree with the author that when Lloyd's moved to its brash new tubular premises in Lime Street, the writing was on the wall - if you could find one. What's right about Lloyd's, and what went wrong, is explained with clarity and insight. Plenty of humour is provided by the author's personal business recollections. But with recent events in the USA still fresh in the mind, he points out that the story of Lloyd's is marked by one great imponderable -...

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