![]() I worked in the advertising and marketing industry for a few years and then decided I didn’t want to do that all my life. I am a graduate of the London School of Economics and after that I did an MBA at Lancaster University. Up until that point, actuaries hadn’t really been used in non-life areas, but the work on Equitas changed that and really put actuaries on the map in the London market Can you tell us about your background? Andrew Duguid He talks about the events that led to the crisis, the subsequent recovery and the lessons that were learned. It is a story of mismanaged liabilities, large losses, strong leadership and a creative recovery plan. Insider Andrew Duguid tells the story in his book, On The Brink. In the 1990s, Lloyd’s of London teetered on the edge of collapse. ![]() Andrew Duguid talks to Gemma Gregson and Helen Lau about the near collapse of Lloyd’s of London, putting actuaries on the map and the importance of change and innovation.
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