Lloyd's of London
Maritime insurance market
Lloyd's of London is a British insurance marketplace where syndicates of underwriters pool resources to insure risks too large or unusual for single insurers—ships, satellites, celebrities' body parts.
It began in a 17th-century coffeehouse where merchants gathered to insure maritime ventures.
Lloyd's isn't an insurance company itself but a market where insurers operate: The policy was underwritten at Lloyd's.
- memberOne who belongs
- syndicateCombined group pursuing shared interest
- policyAdopted principle of action
- premiumAdded cost for better
- boxLidded storage container
coffee house · slip · maritime trade · underwriting · claims · actuary · reinsurer · broker · insurance market · coverage · indemnity · historical archives · risk pool · liability · capacity · catastrophe · act of God · total loss
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- British InstitutionsBritish Museum, British Library, Bank of England, House of Lords, House of Commons
- Coffee HistoryBrazil, Colombia, Ethiopia, Yemen, Parisian cafes
- maritime groupsport authority, coastguard, navy, merchant marine, shipping company
- war reinsurancereinsurer, reinsurers, cession, retrocession, political violence
Lloyd's of LondonState Farm
Large American insurance company
Allstate · GEICO · FDIC · Social Security