On the Brink: How a Crisis Transformed Lloyd's of London and over 2 million other books are available for Amazon Kindle . Learn more
  • RRP: £24.99
  • You Save: £2.50 (10%)
FREE Delivery in the UK.
Only 6 left in stock (more on the way).
Dispatched from and sold by Amazon.
Gift-wrap available.
Quantity:1
On the Brink: How a Crisi... has been added to your Basket
+ £2.80 UK delivery
Used: Like New | Details
Condition: Used: Like New
Comment: 100% Money Back Guarantee. Brand New, Perfect Condition, FAST SHIPPING TO UK 2-9 business days, all other destinations please allow 4-14 business days for delivery. Over 1,000,000 customers served.
Trade in your item
Get a £6.50
Gift Card.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

On the Brink: How a Crisis Transformed Lloyd's of London Hardcover – 6 Aug 2014


See all 3 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle Edition
"Please retry"
Hardcover
"Please retry"
£22.49
£15.68 £17.32
£22.49 FREE Delivery in the UK. Only 6 left in stock (more on the way). Dispatched from and sold by Amazon. Gift-wrap available.

Special Offers and Product Promotions

  • When you trade in £15 or more you’ll receive an additional £5 Amazon.co.uk Gift Card for the next time you spend £10 or more.

Frequently Bought Together

On the Brink: How a Crisis Transformed Lloyd's of London + Flash Boys
Price For Both: £36.09

Buy the selected items together


Trade In this Item for up to £6.50
Trade in On the Brink: How a Crisis Transformed Lloyd's of London for an Amazon Gift Card of up to £6.50, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Learn more

Product details

  • Hardcover: 400 pages
  • Publisher: Palgrave Macmillan (6 Aug. 2014)
  • Language: English
  • ISBN-10: 1137299290
  • ISBN-13: 978-1137299291
  • Product Dimensions: 15.8 x 3.3 x 24.3 cm
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Bestsellers Rank: 60,853 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Author

Discover books, learn about writers, and more.

Product Description

Review

'Andrew Duguid has written a well-balanced, but at the same time racy and highly readable history of Lloyd's near-death experience and how the market was saved. Duguid is objective, but has used his inside experience well. On The Brink is a very valuable addition to the historical record of the City of London.'
- Sir Howard Davies, Former Chairman, FSA
 
'This is a book of first-rate importance. It shows how a small number of remarkable men rescued the Lloyd's insurance market from catastrophe- without recourse to a government bail-out.'
- Peter Oborne, Chief Political Commentator, Daily Telegraph
 
'Andrew Duguid's gripping account of the crisis at Lloyd's is a story of complacency, greed, regulatory failure and overly complex financial instruments. Crises are frequent; most of them are wasted. On The Brink offers a compelling story, based on wide-ranging research, of how Lloyd's showed resilience in dealing with disaster. It is essential reading for anyone interested in the turbulent history of the City of London.'
- Martin Daunton, Professor of Economic History, University of Cambridge

'Understanding what went wrong at Lloyd's was an invaluable lesson for me in what would subsequently go wrong in the global financial system. Andrew Duguid's book makes that experience available to everyone.'
- John Kay, Visiting Professor, London School of Economics
 
'This remarkable and brilliantly researched book chronicles how greed and shortsightedness brought Lloyd's of London to the brink of collapse in the 1990s, but how in its darkest hour it found new leaders. This small group overcame what many at the time thought were impossible odds to put in place the programme of structural and cultural reform which laid the foundations for the modern day globally important market. But the real value of the work lies in what Lloyd's tells us about today's banking crisis and in particular how the banking industry has so far failed where Lloyd's triumphed in finding new leaders capable of delivering the change in culture which is essential if the industry is to regain public trust.'
- Anthony Hilton, Financial Editor, Evening Standard 
  
 

Book Description

A fast-paced, insider account of the near-ruin and amazing recovery of the world's oldest and largest insurance market

Inside This Book (Learn More)
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index
Search inside this book:

What Other Items Do Customers Buy After Viewing This Item?

Customer Reviews

4.4 out of 5 stars
Share your thoughts with other customers

Most Helpful Customer Reviews

5 of 5 people found the following review helpful By Matt Huber on 29 Aug. 2014
Format: Hardcover
The Lloyd's crisis, so aptly summed up by the book's title, nearly brought down a centuries' old institution. The urgent project to rescue Lloyd's in the mid-1990s, along with all that went before and after, could not have had a better chronicler than Andrew Duguid. His balance and objectivity are remarkable, bearing in mind how closely involved he was personally in the project. Yet this is no dry academic tome - more a thriller narrating a very close call. This reviewer read it in one go and recommends it highly.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
4 of 4 people found the following review helpful By Interstitial on 25 Oct. 2014
Format: Kindle Edition Verified Purchase
I started work in the market in 1997, and I'm still there. In all that time, not one person has ever explained to me with clarity any of the then-recent history. This book has successfully remedied that. It's a very lucid, easy to understand - and, frankly, hair-raising - account of how our beloved ancient institution nearly killed itself... and how it was pulled back from the brink by the heroic efforts of passionate individuals. The author pulls together all the strands of the "perfect storm" in a way that makes it blindingly obvious, and horrifying, how their effects were devastatingly cumulative. Even his throwaway remarks can be sickening; for example, we've all accidentally overlined ourselves... I know the ending - I'm living it - and I still couldn't put it down!
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Hardcover
As someone who witnessed most of the events from the perspective of a Lloyd's broker I read this book with great interest. It is very readable and brings a complicated and sorrry saga of financial history to the modern reader. The use of real examples from all parts of the market bring the events to life and little seems to be missed.

This part of Lloyd's history is often forgotten in todays well capitalised insurance market and it is good to reflect and learn from the events of the 1970s and 1980s as well as the way the market was saved and has developed since
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
3 of 3 people found the following review helpful By Simon Carswell on 5 Sept. 2014
Format: Hardcover
Andrew Duguid has written the definitive account of what was probably the most critical period of Lloyd's 300 year history. As well as being objective, detailed and balanced, it is also highly readable. There was no need to write in the style of a thriller: the facts and events speak for themselves. The book goes beyond being a chronicle by looking at lessons in the form of the limits to the effectiveness of enlightened self-interest and the power that can be generated when people, albeit that (or perhaps because) they are independently-minded and possess large egos, can be inspired to work for the common good.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again


Feedback