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Newest Review: ... asbestosis losses that were in the pipeline. Do they have a case? It would appear they ... more |
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Read Reviews for An Absolute Scandal - Penny Vi...
by - written on 02/05/07 (Very useful, 420 readings)
Rating:
It was the biggest scandal of the Eighties. Real life: Inside information learned on the golf course is commonplace. In 1973, two leading executives in the insurance market and both of whom were Lloyd's men, were talking. Roger Bradley warns Rokeby-Johnson: (*) "Asbestosis is going to change the wealth of nations. It will bankrupt Lloyd's of London and there is nothing we can do to stop it." This knowledge didn't deter unscrupulous syndicates from roping in more people to become 'Names' - people who could ill-afford to underwrite the huge losses which were to come. (*) By the late Nineties, the ... Read the complete review
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