Protecting and doing good
Chairman of Lloyd's of London, John Nelson, says the 326-year-old insurance institution still attracts huge amounts of capital because of the confidence it inspires.
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Genevieve Cua
THINK of an item of value or any risk and chances are, you will find a Lloyd's of London syndicate ready to insure it. This runs the gamut of ubiquitous property and casualty cover to more unusual things such as body parts and yes, an actress's smile.
Lloyd's chairman John Nelson is justifiably proud of Lloyd's long history. Founded in 1688, the insurance and reinsurance marketplace is 326 years old this year. From its roots as a maritime insurer, its tentacles today extend into virtually all areas of business, pushing into new frontiers such as cyber risk and space tourism.
Through the centuries it has endured the worst weather catastrophes, world wars and terrorist attacks. Today, it continues to attract huge amounts of capital, which is testament to the confidence investors have in its longevity.
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