For risk-averse business people, these are not the best of times.
But neither the heightened terror threat in the heart of Europe, nor the various volatile political situations around the globe, seem to unnerve the chairman of the insurance giant Lloyd’s of London.
John Nelson readily acknowledges that the world has become more unpredictable. It’s proven challenging for the insurance sector too. For him, however, these developments also demonstrate how essential insurers are to the economy. They play a key role as “shock absorbers” in times of uncertainty, the chairman told Handelsblatt.
But there’s one element of uncertainty that does seem to get under Mr. Nelson’s skin more than others – the British government’s handling of Brexit.