A bit of a Bind(er)

Binder business is the bread and butter of the Lloyd's market. This often-ignored class earns its sizeable profits from the scraps of insurance that others won't touch.In this distinctly unglamorous sector, the saying that "if you look after the pennies, the pounds will take care of themselves" certainly rings true. Incredibly, an income of just under $10bn was brought to the Lloyd's marketplace last year through binder business, so while it may look like dirty work, the benefits are more at