Who is Lloyds of London?
Actually referred to also as Certain Underwriters at Lloyds. Today Lloyd’s of London is the world’s leading insurance market, housed in an award-winning modern building in Lime Street in the City of London. Its origins, however, lay in the more modest surroundings of a 17th century coffee house. Edward Lloyd opened a coffee house in 1688, encouraging a clientele of ships’ captains, merchants and ship owners – earning him a reputation for trustworthy shipping news. This ensured that Lloyd’s coffee house became recognized as the place for obtaining marine insurance. For more information: www.lloyds.com Lloyd’s is not an insurance company. It is an insurance market of members, both corporate and individual. Lloyd’s members conduct their insurance business in syndicates, each of which is run by a managing agent. The membership of Lloyd’s is currently made up of companies, individuals and Scottish Limited Partnerships. Individual members tend to support a number of syndicates, whereas some
