Lloyd’s
lloyds.com
Annual Report 2004;

Dynamic and diverse

The Lloyd’s market brings together an unrivalled concentration of specialist expertise and talent

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.

 

 

Lloyd's business by class: Reinsurance acceptances 30%, Fire and other damage to property 20%, Other 2%, Accident and health 3%, Motor 7%, Marine, aviation and transport 15%, Third-party liability 23%

 

 

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.

 

 

Lloyd's business by region: USA 34%, Worldwide 6%, Asia/Africa 7%, Other Americas 11%, Europe 18%, UK 24%

 

 

That’s why we’re trusted to insure the world’s newest, toughest and most complex risks.

 

Who insures with Lloyd’s?

94% FTSE 100 Companies
93% Dow Jones Industrial companies
Top 20 Global banks
Top 7 Pharmaceutical companies