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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.

'At Lloyd's, we regulate our own underwriting. In practice, every syndicate has to have its business plan reviewed every year, and we monitor the plan against performance. . .This system has worked very well for Lloyd's. That's why Lloyd's has outperformed its peers.'

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