EST. 1903 - Presenting global influential leaders from business, labour, education & government through events
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The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.
Recent newsworthy events at Lloyd's of London. An explanation and background to the current situation. A history of Lloyd's 307 years, which started as a coffee-house. Details of the operation today, with figures and statistics. What went wrong to cause the current dilemmas. Seven billion pounds of other people's money lost in the last five years. A detailed discussion which attempts to explain exactly what did go wrong, how and why. Some comments on litigation and risk-taking. Business at Lloyd's: there and will be there again for the future. Trying to resolve the litigation, failing and trying again. Bringing this episode to an end by the spring of next year. Announcing the first serious profit in five years by the spring of next year. Pride in Lloyd's record. Learning from the losses. Deep regret for the losses. Paying the claims. A business with a great future.