The world's oldest insurance market took a dive into one of the world's oldest cultures earlier this month when Lloyd's China officially opened its reinsurance operation in Shanghai.
The chairman of Lloyd's, Lord Peter Levene, told a crowd of dignitaries–including the Shanghai vice mayor–during the April 16 opening day ceremony that “we greatly appreciate the opportunity to become a small part, at least initially, in China's huge success story.”
Instead of the ribbon-cutting, Lord Levene and Vice Mayor Feng painted the eyes of the dragon in a traditional custom in which the drawing of the eyes represents the building coming alive and ready to house business activities.
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