Lloyd's of London (Lloyd's)
Definition
Oldest and most famous syndicate of insurance underwriters and brokers. The underwriters (numbering about 20,000) are grouped into some 280 syndicates, each specializing in a particular type of risk. Together they provide coverage for virtually any type of peril, but their main business involves providing reinsurance to other insurance companies. This organization began in the 1689 London, in the Tavern Street coffeehouse of Edward Lloyd frequented by shipowners.
Lloyd's of London (Lloyd's) is in the Shipping, Transport, & Travel subject.
Lloyd's of London (Lloyd's) appears in the definitions of the following terms: Lloyd's Register Of Shipping, names, classification society and Lloyd's Register of British and Foreign Shipping
This content can be found on the following page:
http://www.businessdictionary.com/definition/Lloyd-s-of-London-Lloyd-s.html
email to a friend
print this definition
cite this definition
link to this page