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Evening Standard
Evening Standard
Business
Simon English

The laddish culture at Lloyd’s of London is out of date

City

A few years ago a Lloyd’s of London broker offered an anecdote to explain the insurance market’s unique (ahem) culture.

A transport tycoon needed a ship insured. Everyone in the market knew the ship was as dodgy as he was, having crashed or narrowly avoided crashing on its last three trips.

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