Last week, AIG CEO Brian Duperreault mused that between efforts to right its own underwriting ship and the actions of Lloyd’s to similarly clean up, the two insurance giants had moved the market.
For all the issues that dog the insurance industry, the perception among customers or the wider public that carriers are out to deny valid claims is the most damaging and, sadly, the one that most persistently raises its head.
Last week, amid the flurry of statements about the future of Lloyd’s and where the market needs to go from here, I came across some interesting footage of the Corporation from all the way back in 1961.