What keyman policy means
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Nairobi, Dec. 21 -- Insurance and its main concept of distributing risk(s) has been around since Edward Lloyd first opened the doors of his London coffee.
Over time, the world of insurance has evolved, and so have its offerings, from the plausible to the most ludicrous.
The Showbiz world has demonstrated this, with Hollywood celebrities insuring body parts. But the corporate world has nearly touched its elasticity limits.
From investment banks betting against their own clients to hedge funds (and other savvy individuals) betting on sovereign defaults (and commoditising the same bets).
And if you thought you've had enough, you ain't seen nothing yet.
There has been an increasing trend for blue chip companies to take out a keyman polic...
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