It used to be that Lloyds Names used to more or less print their own money – most of the time 
On the subject of money, I thought this was great
Basic strong arm politics as a solution to the outrageous US Federal debt burden that this political fiasco and the resultant bailouts will greatly increase. It might even work, in the sense that China might not complain as much now as they will when the same thing happens 20 years from now, but at that point for no justifiable reason.
“Never let a crisis go to waste”
The reality is that most insurance company will need to be bailed out before long. Pension funds and insurance companies and others have long-term liabilities that are funded with equity and equity-like assets this situation will be like taking the present value of liabilities and looking at the expected returns of the assets that they have to fund their liabilities. They will come up short. What they will have to do is sell assets to make payments or basically slash spending and sell assets. Most insurance companies are more than likely 2 weeks away from running out of liquidity.
