Council of Lloyd’s

Under the Lloyd’s Act of Parliament 1982, the Council of Lloyd’s is responsible for the management and supervision of the market

The Council normally has three working, three external and nine nominated members. The working and external members are elected by Lloyd’s members. The Chairman and Deputy Chairmen are elected annually by the Council from among its members.

The Council discharges some of its functions directly by making decisions and issuing resolutions, requirements, rules and byelaws. Other decisions are delegated to committees of the Council and the members of the Executive Team, in accordance with their respective terms of reference.