Change remains threat to insurers 135 years on

摘要

When Fairplay's first issue wasprinted, the maritime market and its insurers were in the midst of a fundamental change.Fourteen years earlier, the Suez Canal had opened and the time of sail was drawing to a close. The dashing sleek tea clippers and their cargoes, which had traded from India and the Far East to the United Kingdom and Europe, had been the risks that led to the birth of the modern marine insurance industry and, with it, Lloyd's.