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Though the glass building is modern enough, such scenes suggest that little
Though the glass building is modern enough, such scenes suggest that little
游客
2025-06-19
30
管理
问题
Though the glass building is modern enough, such scenes suggest that little has really changed at London’ s ancient insurance market. For centuries, brokers and underwriters have performed similar rituals, in good times and in bad notably in the early 1990s, when Lloyd’ s suffered such huge losses that it almost went under. But since it pulled back from the abyss in 1996, Lloyd’ s has reinvented itself. It clings tenaciously to its historic trappings; but, in substance, it is as though it had died and come back in a new form.
To see how Lloyd’ s has changed, look at who invests there. This year, Britain’ s largest insurer, CGU, has moved its marine operation into Lloyd’ s. March & McLennan, the world’ s largest insurance broker, has helped to found a new Bermudian insurer that will underwrite from Lloyd’ s. And the market has welcomed its first big multinational, Smith Kline BeeCham, a drags giant, which has launched an in-house(or "captive")insurer. Other arrivals read like a Who’ s of the industry , including Warren Buffet’ s Berkshire Hathaway, Ace, a Bermudian insurer, and America’ s Paul.
This adds up to a ringing endorsement of Lloyd’ s renewed viability, long-term profitability and competitiveness, none of which could have been taken for granted as recently as 1996. Then the market had racked up the world’ s biggest-ever commercial loss(8 billion $13 billion)in five years. It had mined at least 1 ,600 of its 34 ,000 members("names"), all underwriting with unlimited liability; some committed suicide. Lloyd’s seemed doomed. [br] Which of the following is NOT true according to the passage?
选项
A、The brokers and underwriters in London have followed the same procedure for centuries.
B、Lloyd’ s has recovered from huge losses in 1996 and has reinvented itself.
C、Lloyd’ s has been changed for the investment of CGU and March & McLennan.
D、The Britain’ s largest insurer, March & McLennan, has moved its marine operation into Lloyd’ s.
答案
C
解析
劳埃德海上保险协会并没有因为有CGU and March & McLennan的投资而有所改变。由最后一段提到all underwriting with unlimited liability;some committed suicide.Lloyd’s seemed doomed,可知C选项错误。
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