By the mid-1960's, senior executives who ran Lloyd's insurance syndicates had mismanaged their 300-year old insurance market to the brink of extinction. Decades of writing overly generous policy terms at below market rates had exposed many Lloyd's syndicates to massive asbestos claims.
Beginning in the early 1970's, Lloyd's insiders masterminded and implemented a plan to delay the demise of the Lloyd's market. A handful of top executives saved themselves, and 6,000 British aristocrats who were Names, from financial ruin by defrauding tens of thousands of new investors out of billions of dollars of capital. The "new" capital was used to pay losses already incurred by the old Names. The result was the largest Ponzi pyramid investment scam in history. Lloyd's secretiveness, as well as their insurance litigation, lobbying, and public relations strategies over the past 30 years, have had a single purpose: Avoid, at all costs, the production in court of evidence of fraud implicating high-ranking U.K. government officials and Lloyd's insiders.

US Reports

• The Quackenbush/Lloyd's/LeBoeuf Alliance-- in the news.
• Excerpts from the Congressional Record - Senate debate, March 15, 2001, Re S-420 Bankruptcy Abuse Prevention and Consumer Protection Act of 2001, Sec. 1310. Enforcement of Certain Foreign Judgments Barred.
• "Choice of Law and Forum Clauses and the Recognition of Foreign Country Judgments Revisited through the Lloyd's of London Cases"
  By: Professor Court Peterson, as published in the Louisiana Law Review, 2000.
• Lloyd's and the Asbestos Catastrophe A Brief Overview of 30 years of Fraud
• Timeline of Fraud at Lloyd's of London.
• Misleading Terms
• Letter to U.S. Secretary of State Madeleine Albright et al. from Attorney Thomas Seifert

  UK Reports
  

• Letter from Robert Hiscox to Sir Peter Miller, (then) Chairman of Lloyd's, May 12, 1987
• "Under-reserving of US Liabilities at Lloyd's" A Names Defence Association Paper
  
• "Lloyd's and Mr. Ponzi" a Names Defence Association Paper
  
• Testimony of Ian Richard Posgate Hongkong Bank of Canada v. Hendrie (excerpts from the proceedings)
• "Not A Myth of Hindsight" is a painstakingly assembled and very complete chronological diary of events at Lloyd's and affecting Lloyd's from 1871 to 1998. Access the complete chronology and related spreadsheets and files.
  

  Tables and Graphs
  

• Graph illustrating annual recruitment of new investors, known as Names (1970 to 2000)
• Chart comparing losses for working and non-working Names.
• "Where the Money Went" according to John Rew, accountant at Chatset.
• Profitability vs. Resignations at Lloyd's, 1987, '88, '89