Lloyd’s of London

What is Lloyd’s of London?

Lloyd’s of London is an insurance and reinsurance marketplace. Its main purpose is to promote insurance transactions. It is not an insurer, however, it provides a setting for its members to do business. Operating as syndicates, Lloyd’s members provide insurance for businesses and individuals that may have a harder time finding coverage.

How Does Lloyd’s of London Work?

The business written at Lloyd’s is brought to specialist syndicates. These syndicates price and underwrite risk, via brokers and coverholders. 

What is a syndicate? A syndicate is formed by the entities in it to complete a specific project or task. Typically, this project or task is too large for one entity to complete on their own or poses too big a risk for a single entity to take on.

Much of the capital available at Lloyd’s is provided on a subscription basis. Lloyd’s underwriters join together as syndicates. These syndicates join together to underwrite risks and programs. They can provide coverage for unique risks with more confidence because they form syndicates. This kind of collaboration, combined with the choice, flexibility, and financial certainty of the market, makes Lloyd’s the world’s leading insurance platform.

What does Lloyd’s of London insure?

Lloyd’s of London insures a variety of individuals, businesses, and organizations. As an insurance and reinsurance marketplace, Lloyd’s syndicates specialize in different specific risks. Some examples include: 

-Accident & health 

-Agriculture & hail 







Related Terms



Syndicate List


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