Doodit was clear from day one, he said he is shorting the stock,any discussion with him is a waste of time IMO.......we've been together in this one for YEARS,and I think we do know what we are talking about...
I did not know that "increased premium capacity" was an object of a semantics discussion, as the terminology is quite clear, as described by the Lloyd's Market:
Funds at Lloyd's Each member of Lloyd's is required to provide capital as security to support their total Lloyd's underwriting business. This is known as Funds at Lloyd's. The level of Funds at Lloyd's determines the amount of insurance business a member can underwrite. The amount of funds required from members will vary, depending on the perceived level of risk in the business which they underwrite. This is known as "enhanced capital requirement" or ECR
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