The Society of Lloyd's

The Society of Lloyd’s, commonly known as Lloyd's of London, is a marketplace where multiple insurance underwriters come together to provide specialized coverage. Unlike a traditional insurance company, Lloyd’s functions as a hub connecting brokers and various syndicates that underwrite risks, such as ships, aircraft, or unique assets. It operates under a unique structure emphasizing collaboration and specialization, allowing for flexible and tailored insurance solutions. Established in 1688, Lloyd's is renowned for its expertise in complex or high-value risks, acting as a central hub that facilitates the underwriting of diverse insurance policies worldwide.