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.
Generally refers to Lloyd's of London, England, an institution within which individual underwriters accept or reject the risks offered to them. The Lloyd's Corporation provides the support facility for their activities.
Located in London, England, A unique insurance type organization where risks are placed with syndicates of investors represented by underwriters.
A voluntary unincorporated association of individuals organized for the purpose of writing insurance; normally refers to Lloyd's of London, a group of individual underwriters and syndicates that underwrite insurance risks severally, using facilities maintained by the Lloyd's of London Corporation
Corporation formed to market services of a group of underwriters. Does not issue insurance policies or provide insurance protection. Insurance is written by individual underwriters, with each assuming a part of every risk. Has no connection to Lloyd's of London, and is found primarily in Texas.