Definitions for "LLOYDS"
Lloyds of London; an insurance market, exempt from authorisation under the Financial Services Act 1986.
The Corporation of Lloyds, or Lloyds of London, is effectively a large insurance market made up of small syndicates whose members underwrite insurance risks i.e. promise to pay out in the event of loss.
A competitive insurance market place--not an insurance company--where individual underwriters accept risks on behalf of syndicates of individual and corporate members whose resources provide the security behind Lloyd's policies.