Throwback Thursday: Lloyd’s capacity problem & Gulf War cost
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when the pound was causing problems for Lloyd’s and the cost of the First Gulf War was being calculated.
17 January 1985: Capacity problem for Lloyd’s
Premium capacity was set to be a 1985 problem for Lloyd’s because of the falling value of the pound in dollar terms, Post reported.
The warning was given by
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