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Old 6th Dec 2012, 23:42
  #87 (permalink)  
parabellum
Nemo Me Impune Lacessit
 
Join Date: Jun 2004
Location: Derbyshire, England.
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I've been to Lloyd's of London, and have had the pleasure of dealing
with insurance underwriters,
and in my experience they tend to be a
decidedly unromantic bunch. If they think there is money to be made, they will
insure it.


Which suggests you are either a Lloyd's broker or the insured, since you won't get near a Lloyd's underwriter in the Lloyd's building otherwise. It is true that there is a saying in the market that,"There is no such thing as a bad risk, only a bad rate" but even the biggest underwriters will run out of reinsurance layers on this one. The actual insurance rate would be uneconomically high.
I had nearly three years with the largest aviation broker there is during a lay-off from flying and still keep in touch so not smoking anything, the market simply aren't interested.
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