London Marine Insurance Market

The London Marine Insurance Market is a global center for insuring ships, cargo, and marine risks. Established in the late 17th century, it comprises various insurers and brokers who assess and underwrite marine policies. Companies and individuals use this market to protect against losses from accidents, damage to vessels, or cargo loss at sea. It operates primarily through Lloyd’s of London, a well-known insurance marketplace. This market is crucial for international trade, ensuring that maritime operations can proceed with financial protection against unforeseen events.