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  3. Though the glass building is modern enough, such scenes suggest that little has really changed at London’ s ancient insurance ma

Though the glass building is modern enough, such scenes suggest that little has really changed at London’ s ancient insurance ma

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问题     Though the glass building is modern enough, such scenes suggest that little has really changed at London’ s ancient insurance market. For centuries, brokers and underwriters have performed similar rituals, in good times and in bad notably in the early 1990s, when Lloyd’ s suffered such huge losses that it almost went under. But since it pulled back from the abyss in 1996, Lloyd’ s has reinvented itself. It clings tenaciously to its historic trappings; but, in substance, it is as though it had died and come back in a new form.
    To see how Lloyd’ s has changed, look at who invests there. This year, Britain’ s largest insurer, CGU, has moved its marine operation into Lloyd’ s. March & McLennan, the world’ s largest insurance broker, has helped to found a new Bermudian insurer that will underwrite from Lloyd’ s. And the market has welcomed its first big multinational, Smith Kline BeeCham, a drags giant, which has launched an in-house(or "captive")insurer. Other arrivals read like a Who’ s of the industry , including Warren Buffet’ s Berkshire Hathaway, Ace, a Bermudian insurer, and America’ s Paul.
    This adds up to a ringing endorsement of Lloyd’ s renewed viability, long-term profitability and competitiveness, none of which could have been taken for granted as recently as 1996. Then the market had racked up the world’ s biggest-ever commercial loss(8 billion $13 billion)in five years. It had mined at least 1 ,600 of its 34 ,000 members("names"), all underwriting with unlimited liability; some committed suicide. Lloyd’s seemed doomed.
Five years of huge losses______.
选项 A、have made Lloyd’ s change its business scope
B、of Lloyd’ s have ruined nearly 5% of its members
C、of Lloyd’ s has undermined the base for its long-term profitability
D、have ruined Lloyd’s long-term competitiveness
答案C
解析 文章最后一段提到long—term profitability and competitiveness…Lloyd’s seemed doomed。Lloyd’s的5年损失让他从根基上失去了利益增长点和竞争力。所以C选项符合题意。
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本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
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FECT综合（现代金融业务）

金融英语（FECT）

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