Edward Lloyd, the man whose coffee shop would eventually become the world’s oldest and largest insurance market, was never an insurer; he was a facilitator, providing the platform upon which underwriters and brokers built the modern insurance industry.
More than three centuries later, the Lloyd’s Corporation continues to act as the market’s independent guardian, responsible for protecting, promoting and providing valued support services to every market participant.
Working closely with the market under one globally trusted name, the Corporation provides the premises in which the market operates, and oversees and supports the trading that goes on within it. It regulates and reports on the performance of market participants, holds licences to write insurance in more than 70 countries, promotes the market’s growth in new territories and protects the Central Fund that guarantees financial resilience, even in times of crisis.
Working with leading business, academic and insurance experts, the Lloyd’s Corporation also provides services to the market and contributes original research, reports and analysis to strengthen the market’s collective understanding of new and emerging risks.
