Lloyd's Overview

Who is Lloyd’s?

• Lloyds at a glance

Lloyd’s is a face-to-face market, with all the dynamism and innovation that a market generates. Like any market, it enables those with something to sell – underwriters providing insurance coverage – to make contact with those who want to buy – brokers, working on behalf of their clients who are seeking insurance.

Together, the syndicates underwriting at Lloyd’s form one of the world’s largest commercial insurers, and a leading reinsurer.

However, more important than sheer size is the breadth and depth of specialist broking and underwriting expertise, brought together under one roof at Lloyd’s. That’s why they are often the first to insure new, unusual and complex risks.

Lloyd’s accepts business from over 200 countries and territories worldwide. Our 80 licences, supported by a network of local offices, ensures access to insurance markets large and small.

• Market structure

Lloyd’s is not an insurance company, it is a partially mutualised market where members of Lloyd’s join together as syndicates to insure risks.

Much of Lloyd’s business is written on a subscription basis, with more than one syndicate taking a share of the same risk.