Lloyd's of London

Lloyd's of London, the centuries-old insurance marketplace

Lloyd's of London (Lloyd's) is an insurance market located in London. Unlike most of its competitors in the insurance industry, it is not an insurance company. Rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament and operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk.

The business underwritten at Lloyd's is predominantly general insurance and reinsurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in around 1686. Today, it has a dedicated building on Lime Street in the City of London financial district, which was opened in 1986.

In 2017 there were 85 syndicates managed by 56 managing agencies that collectively wrote £33.6 billion of gross premiums on business placed by 287 approved brokers.

Financial Strength and Rating

Financial Security is most important. Lloyd's financial strength and robust capitalization is validated by three of the world's leading insurance rating agencies. A.M. Best, Standard & Poor's and Fitch Ratings.

Lloyd's unique capital structure, often referred to as the 'Chain of Security', provides excellent financial security to policyholders and capital efficiency to members.

A+ Quality Security

Standard & Poor's: A+ (Strong)

Fitch Ratings: AA- (Very Strong)

A.M. Best: A (Excellent)