Capital consequences.
As the millennium dawns, losses once again loom and corporate capital is showing signs of retreating from the market. Marcus Alcock asks whether now is the right time for private capital to show its worth.
This time last year all at Lloyd's looked rosy. Published accountsfor the years 1993-96 showed record levels of profits and the atrocious
losses suffered between 1988 and 1992 seemed banished to
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