Lloyd's of London

Lloyd's of London is a renowned insurance marketplace where members, known as "syndicates," come together to share risk. Founded in the late 17th century, it began as a coffee house where shipowners and merchants could insure cargoes and vessels. Today, it covers a wide range of risks, from property to specialty insurance. Instead of being a typical insurance company, Lloyd's operates as a hub for independent underwriters, allowing for customized coverage solutions. Its unique structure enables flexibility and innovation in the insurance industry, making it a key player in global risk management.