This book examines the crisis at the famous insurance market, Lloyd's of London, during the late twentieth century … common in insurance than in the history of other financial services, one exception was the Lloyd’s crisis. Hitherto … comprised endogenous elements of the crisis. Entrenched ideas about the virtues of self-regulation and faith in insider experts …

the view that insurance supervision and regulation is once again taken captive by the necessity of regulatory reforms … it. Pursuant to the preferences of the Commission—as revealed in its draft for a regulation amending the regulations … founding the European Supervisory Authorities (ESA)—the supervision (and regulation) of the financial sectors should be further …

insurance regulation. …Investors and insurance policyholders are often confronted with complex products and providers' opaque organisational … regulation therefore aims at putting in place a financial services framework that will safeguard market processes whilst also …

in the financial sector. The working hypothesis is that the insurance industry has improved its position, resulting in …