Reinsurance Trading in Lloyd’s of London: Balancing Conflicting-yet-Complementary Logics in Practice

Drawing on a yearlong ethnographic study of reinsurance trading in Lloyd’s of London, this paper makes three contributions to current discussions of institutional complexity. First, we shift focus away from structural and relatively static organizational responses to institutional complexity and identify three balancing mechanisms—segmenting, bridging, and demarcating—that allow individuals to manage competing logics and their shifting salience...