Lloyd"s of London - The oldest and largest insurance market. Members are Lloyd"s brokers and syndicates of Lloyd"s underwriters forming a corporation. Business is obtained via Lloyd"s brokers dealing with the public which is underwritten by syndicates of Lloyd"s underwriters so organised as to spread risk. Members of syndicates are known as Names and must deposit a substantial sum of money (with unlimited risk attached) before acceptance. The main business is in marine insurance although virtually all other insurance (with the exception of life assurance) is covered.
Lloyd"s of London : the oldest and largest insurance market. members are lloyd"s brokers and syndicates of lloyd"s underwriters forming a corporation. business is obtained via lloyd"s brokers dealing with the public which is underwritten by syndicates of lloyd"s underwriters so organised as to spread risk. members of syndicates are known as names and must deposit a substantial sum of money (with unlimited risk attached) before acceptance. the main business is in marine insurance although virtually all other insurance (with the exception of life assurance) is covered.
Lloyd"s of London