Santosh Shetty

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That’s where Lloyd’s comes in. There, a broker is appointed for the project, and then shops it around to Lloyd’s members, who come together in one or more “syndicates” to insure it. Each member of a syndicate takes on a piece of the liability, as much as the individual insurer can afford to lose.
Dead in the Water: A True Story of Hijacking, Murder, and a Global Maritime Conspiracy
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