Replies to post #64792 on CGrowth Capital Inc (CGRA)

[ANTI-BAGHOLDER]

Ahhhh, yes so we agree. ;). Lloyds is the underwriter of the insurance policy for the bonds. :)


$CGRA BOOM!

[Jugas]

Uuuhhh, What? Is this the same as, 'not being backed by your insurance company', argument all over again?

[Mistral]

doperbob - The bond issuer is insured under a variety of policies provided by underwriters at Lloyds. That is the first statement on the bond company's insurance page linked below.

http://www.cgrowthcapitalbond.com/index.php/insurance

Here is an excerpt from Lloyd's website to help explain their insurance/underwriting process.

Before deciding whether or not to provide insurance cover, the insurer will look at all the circumstances surrounding a risk, such as: the likelihood of it happening, the steps already taken to reduce the risk and the financial consequences.

This whole process is called ‘underwriting’. Underwriters are the specialists employed by the insurer to carry out this task.

The underwriters here at Lloyd’s are among the best in the world. They are experts at devising tailored and innovative solutions to new and complex problems.

Lloyd’s underwrites a wide range of businesses and projects all over the world. For example, oil rigs, transport networks, satellites, Wimbledon and The Oscars.

http://www.lloyds.com/lloyds/about-us/what-do-we-insure/what-is-insurance

doberbob wrote:

Being insured by lloyds. Not underwritten by lloyds. They underwrite an insurance policy. Big deal,

Very false and misleading to say cgra is underwritten by lloyds. How fraudulent