What is Lloyd's?

Unlike many other insurance brands, Lloyd's is not a company; it's a market where our members join together as syndicates to insure risk.

Much of Lloyd’s business works by subscription, where more than one syndicate takes a share of the same risk. Business is conducted face-to-face between brokers and underwriters in the Underwriting Room. 

When we talk of Lloyd’s, we’re really referring to two distinct parts. The market, which is made up of many independent businesses, and the Corporation of Lloyd’s, which is there – broadly speaking – to oversee that market. These parts are distinct, but far from independent. Both work closely to maintain high standards of performance across the market.

The following pages will give you an insight into the unique way in which Lloyd’s is structured, the role of the market and The Corporation, and the different departments (directorates) that make up Lloyd’s.

The Lloyd's market

How Lloyd's works diagramThe Lloyd’s market is home to 56 managing agents and 91 syndicates, which offer an unrivalled concentration of specialist underwriting expertise and talent.

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The Corporation of Lloyd's

The Corporation of Lloyd's oversees and supports the Lloyd’s market, ensuring it operates efficiently and retains its reputation as the market of choice for specialist insurance and reinsurance risk.

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See Also

Key Contacts

Key Contacts

Looking to talk to someone at Lloyd's? Here's where to start:

Key Contacts

Take a tour

Virtual tour

Take a virtual tour around the Lloyd’s building

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Introducing Lloyd's

 

An Introduction to Lloyd's

Our animated video designed for an audience new to Lloyd's. It brings to life what we do, what risks we cover and our financial strength...

History of Lloyd's

Learn Lloyd's History

Learn about Lloyd's unique and colourful past.

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