Why Lloyd's Is Looking For Its Own Safety NetRichard A. Melcher
As Luciano Pavarotti sang out to 100,000 rain-soaked concertgoers in London's Hyde Park on July 30, underwriters at Lloyd's of London breathed a sigh of relief: They held the brunt of the risk had Pavarotti canceled. A month later, they weren't so lucky. On Aug. 28, apparently due to voice troubles, the great Italian tenor pulled out of a 30th anniversary concert in Copenhagen just as the orchestra was warming up, leaving Lloyd's and other insurers with losses running into the millions.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.