The Syndicate of Last Resort

The Syndicate of Last Resort

Discover how Lloyd’s of London prices the impossible, from satellite launches to celebrity body parts.

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Show notes

Exploration of the Lloyd's of London marketplace structure.

Analysis of 'several liability' and the subscription model of insurance.

Case studies including the Titanic, 9/11, and celebrity body part coverage.

The transition from individual 'Names' to corporate capital members.

How the 'Law of Large Numbers' applies to idiosyncratic tail-risks.

In this episode
  1. 01Intro1 min
  2. 02The Myth of the Policy2 min
  3. 03The Room and the Syndicate3 min
  4. 04The Names and the Capital Chain3 min
  5. 05When the Impossible Happens2 min
  6. 06The Reframe: Defining the Bound2 min
  7. 07Outro1 min
Sources
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