Validus and your Lloyd’s Syndicate 1183 are way under-capitilized at $4 billion for this loss. Prepare yourself for the worst you can imagine, then double that and maybe you will be somewhere in the ball park. A year from now, you will no longer exist. And to Julian Bosworth, Director of Claims, you had better be cleaner than Windex because the tort lawyers of America are going to descend upon you like stink on ****.
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Validus and your Lloyd’s Syndicate 1183 are way under-capitilized at $4 billion for this loss. Prepare yourself for the worst you can imagine, then double that and maybe you will be somewhere in the ball park. A year from now, you will no longer exist. And to Julian Bosworth, Director of Claims, you had better be cleaner than Windex because the tort lawyers of America are going to descend upon you like stink on ****.