Hello Oldtimer,did you ever try to contact Lloyd's?Could you share any first hand knowledge or is this just hearsay? IMHO Lloyd's does all business through approved insurance brokers who normally specialise in a few fields only.Not so easy to identify the ones willing and capable to broke account protection for individual investors,even if the account size is in the order you mentioned.
If you look back I was never speaking of how to mitigate the risk in an IB trading account. The OP obviously thought there might be a way to use a "combines account" so he asked a question. What I thought was rediculous was your belief that anyone that started such a thread with less than a million dollar account was "a little worry wart." To be clear and specific my only opinion on this thread is that that is an absurd characterization of a man seeing if he is missing a way to cut his counter party risk. Do you stand by your opinion that he is a "little worry wart" or would you prefer to talk about every other subject under the sun? Don't be the master of the straw man argument -- answer directly.
you have to cut him some slack. he is known to get high at times. then even the best become erratic. http://www.nypost.com/p/news/opinion/opedcolumnists/the_kennedy_meth_4gGCkatf61gYCpkTZhg4FM
like I said, somewhere there is thread on ET about ib and sipc. and somewhere in the 1000 page thread Lloyds is mentioned, and if I recall someone called and got a quote now, I know ib carries private insurance through Lloyds, but it has never been clear to me in a catastophe, who or what that would pay off. I don't remember the premium, seems like it was about 1.5%,
my fault, I didn't realize worry wort would be such an offensive word. at anyrate, I should have done a better job of reading the first post, didn't realize it was such an old thread, sometimes on the weekend, I get stir crazy and just like to hear myself talk, carry on