LMX spelled woes for Lloyd's names. (catastrophic excess of loss) (part 3): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on November 2, 1992. The length of the article is 2136 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The enormous losses experienced by catastrophic excess of loss (LMX) insurance syndicates from 1987 to 1990 wreaked financial disaster for many of the Lloyd's of London's external and internal names who had heavily invested in them. Names had been lured by expectations of quick and large profits and a casualty-free environment to invest heavily in the now defunct Gooda Walker and Feltrim syndicates. Failure to properly investigate the syndicates or the LMX system pitfalls involved the names in liability for substantial damage claims from catastrophes of the late 1980s.

Citation Details
Title: LMX spelled woes for Lloyd's names. (catastrophic excess of loss) (part 3)
Author: Lisa S. Howard
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: November 2, 1992
Publisher: The National Underwriter Company
Issue: n44 Page: p1(5)

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