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Lloyd’s is famous for being the world’s leading specialist insurance market, but much less widely known and understood is how this unique market operates. Hardly surprising, since Lloyd’s structure is very unusual.
It’s a Society of members, corporate and individual, who underwrite in syndicates. There are currently 62 syndicates, which are run by 44 managing agents (whose names appear opposite), firms of highly experienced specialist underwriters, who accept risk on behalf of syndicate members. Lloyd’s brokers bring business to the market from clients, other brokers and intermediaries worldwide.
Together, the syndicates underwriting at Lloyd’s form one of the world’s largest commercial insurers, and a leading reinsurer. But far more important than sheer size are the breadth and depth of specialist broking and underwriting expertise, brought together under one roof at Lloyd’s.
That’s why we’re trusted to insure the world’s newest, toughest and most complex risks.
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