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dipsydoodle

(42,239 posts)
41. Lloyd's, is a British insurance and reinsurance market
Mon May 28, 2012, 04:38 AM
May 2012

Lloyd's of London, styled simply as Lloyd's, is a British insurance and reinsurance market.[1] It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals (traditionally known as Names) or corporations, come together to pool and spread risk. Unlike most of its competitors in the insurance and reinsurance industry, it is not a company, but it is a corporate body under the Lloyd's Act 1871 of the British Parliament. Uberrimae fidei (Latin for "of the utmost good faith&quot is the motto of Lloyd's.

http://en.wikipedia.org/wiki/Lloyd%27s_of_London

Will this create a domino effect worldwide? Mnemosyne May 2012 #1
I think so. I think it very well could be worse than 2008. Drunken Irishman May 2012 #4
Not good. Thanks, DI! nt Mnemosyne May 2012 #27
Yes. How big is the real unknown though. cstanleytech May 2012 #5
Any thoughts on how to prepare for collapse if very widespread? Would Mnemosyne May 2012 #28
Buy Deutschmarks pscot May 2012 #33
Couldnt hurt I guess, I'm not doing it but then thats because I dont have the cash. cstanleytech May 2012 #36
We need to stop the Euro collapsing now! Rosa Luxemburg May 2012 #2
Agree however with the republicans in power in congress I wouldnt count on it. nt cstanleytech May 2012 #6
We? Whether or not the Euro stays or goes will be decided by Europe. harun May 2012 #7
'We' can do our best to help considering a collapse there will kill our economy. Drunken Irishman May 2012 #8
I stand by the will of the people of Europe. Expressed in the votes in France and Greece, DOWN harun May 2012 #11
LOL tabasco May 2012 #12
Great! Let's use your money first! n/t rayofreason May 2012 #18
You seem to be operating under the delusion that the people matter to the banksters riderinthestorm May 2012 #20
Does anyone on DU ever turn off Fox News anymore? harun May 2012 #39
I don't have teevee. I'll read any credible POV and make up my own mind riderinthestorm May 2012 #42
Why waste time reading anything on the wrong wing Mosaic May 2012 #45
Contrary to popular DU belief there are some excellent voices on the right like Andrew Sullivan riderinthestorm May 2012 #46
Paul Krugman isn't a leading mind of the left though tralala May 2012 #49
Being right about everything that was going to happen with interest rates to this economy harun May 2012 #50
Exactly! Rosa Luxemburg May 2012 #30
There is no way to prevent its collapse. Psephos May 2012 #14
The problem is not the euro. tcaudilllg May 2012 #26
It's largely the right (particularly the far-right) that wants to get rid of the euro (and the EU). pampango May 2012 #29
probably US bankers? Rosa Luxemburg May 2012 #31
We'd love to hear your plan. pscot May 2012 #34
Rude Rosa Luxemburg May 2012 #37
Well, a bunch of us out here are convinced there is no way to keep it from collapsing. GliderGuider May 2012 #44
A scared K & R. Really bad news... nt riderinthestorm May 2012 #3
Haven't heard much about Lloyds for a long while... happerbolic May 2012 #9
The euro was supposed to be the base currency for those that predicted may3rd May 2012 #43
Is Lloyd's of London the AIG of the EU? jwirr May 2012 #10
No. grantcart May 2012 #38
I always thought it was an insurance company. jwirr May 2012 #40
Lloyd's, is a British insurance and reinsurance market dipsydoodle May 2012 #41
Okay thank you. It is my understanding the that is what AIG was doing here in the US and that is jwirr May 2012 #47
In the case of AIG dipsydoodle May 2012 #48
I wonder how much the big guys will take out of this DearAbby May 2012 #13
some of the big guys are taking haircuts. They own Greek debt. jerseyjack May 2012 #17
On the positive side pscot May 2012 #35
Not such a big surprise Scairp May 2012 #15
and the rats begin to leave the ship. Javaman May 2012 #16
If Grexit happens, shimonitanegi May 2012 #19
I thought the fourth turning was here but it may just be beginning now. Kablooie May 2012 #21
I wonder what impact this will have on the US dollar though especially seeing cstanleytech May 2012 #22
That means that the wealthy elite want to ruin European democratic socialism and JDPriestly May 2012 #23
Lloyd's of London is OVERPAID01 May 2012 #24
BofA is using their customer's bank accounts as collateral to cover their losses CountAllVotes May 2012 #25
and using the US government too Rosa Luxemburg May 2012 #32
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