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All trades need willing buyers and sellers in order to happen - that's what makes a market. The magic of the trading environment means that even though each counterparty is doing the opposite of the other, both are right.
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Yesterday my usual route to work took me past a squadron of white TV satellite uplink vans lining the neighbouring river crossing to London Bridge, pressing as close to the police cordon as they dared
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Yesterday my usual route to work took me past a squadron of white TV satellite uplink vans lining the neighbouring river crossing to London Bridge, pressing as close to the police cordon as they dared.
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You need the hide of a rhinoceros to be the chairman of Lloyd's.
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They went out to a concert and came home from war. The narrative is commonplace, but no less shocking for its familiarity
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Two years ago, English football (soccer, if you must) team Chelsea won the Premier League title - the UK equivalent of the Super Bowl.
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Quarterly reporting season is upon us. The Insurance Insider news desk collectively sighs and pretends to be flustered, but secretly they are excited
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It's really easy to knock a limpet off a rock if it's not expecting the blow to come.
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Journalists have a justified reputation for being thick-skinned
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The numbers tell a very stark story indeed.
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Back in its 2006 annual report, Lloyd's reported net earned premiums of £12.7bn ($15.8bn) and spent £3.4bn on acquisition costs and £910mn on admin.
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When I first visited Germany I was amazed by the extraordinary phenomenon of being apologised to for the Second World War