Underwriter 1986 Financial Games

	Underwriter	1986	Financial Games
	First produced	1986	Players	2 to 4 or teams	Age(s)

Click the picture for more		1 x playing board 4 x syndicate portfolio boards 4 x packs of 50 insurance risk cards; - motor - marine - non-marine - aviation 4 x members funds boxes 4 x sets of 2 colour markers 1 x underwriting bank box 1 x bag of syndicate share tokens; - 60 red tokens - 60 blue tokens 20 x yellow stop loss tokens 1 x bag of 60 £5,000 chips 1 x bag of 60 £10,000 chips 1 x dice 1 x rules leaflet A game of skill, designed to reflect the uncertainties of underwriting insurance risks. Play as Lloyds underwriters, manage your own portfolios and funds and respond to world events and other situations. The first to meet certain portfolio requirements after completing a circuit of the board, wins.

Ironically, within 12 months, the Stockmarket crash hit Lloyds and the Lloyds names risked financial ruin.

"Lloyd's of London is a society whose members transact insurance business and assume liability and who are bound by a strict code of conduct. Members are grouped into syndicates each of which is managed by an underwriting agent who appoints a professional underwriter on behalf of his syndicate to negotiate risks and premiums.
The society is ruled by the council of Lloyd's with administration services provided by the corporation of Lloyd's staff.”

The origins of Lloyd's go back to the days of William and Mary. Edward Lloyd's coffee house was a meeting place for ship owners and prosperous citizens prepared to accept the considerable financial risks of marine insurance in expectation of profit. 2 centuries later, Lloyd's of London pioneered motor and aviation insurance. Policies are drawn up and risks accepted, by underwriters, so called because it was the practice for them to write their names at the foot of the contract. Ever since, members of Lloyd's have been known as names.