Risk. How likely is something to happen? That word - risk - and that question - how likely is something to happen? - are responsible for more money changing hands in this world than just about anything else. They are the basis for insurance. The modern insurance industry began in London in 1686. Edward Lloyd operated a coffee house on Tower Street that was frequented by sailors, merchants, and ship owners. Patrons would share stories and the coffee house quickly became
Stumbled on this when doing a weird search 'insurance, reinsurance substack'. What a marvellous post! As someone who has been (unwillingly) associated with the sector for 2.5 decades, I found this so lovely. Thank you!
Stumbled on this when doing a weird search 'insurance, reinsurance substack'. What a marvellous post! As someone who has been (unwillingly) associated with the sector for 2.5 decades, I found this so lovely. Thank you!