Lloyd's building
Lloyd's of London is a marketplace where brokers and underwriters come together to buy and sell insurance. It’s not an insurance company but a meeting place where brokers buy insurance on their clients’ behalf from underwriters. Much of the business is conducted in the world-famous Underwriting Room, which welcomes more than 5000 people, sees GBP 100m in premiums come into the market and GBP 82.1m paid out in claims every single day.
Lloyd’s is known for its innovation and willingness to insure unusual risks. The market has covered Arctic explorers, international aid organisations, satellite launches and taken on major global risks including cyber, terrorism and the consequences of climate change. And on a January morning in 1912, it insured the Titanic for GBP 1m.
Lloyd's building
Lloyd's of London is a marketplace where brokers and underwriters come together to buy and sell insurance. It’s not an insurance company but a meeting place where brokers buy insurance on their clients’ behalf from underwriters. Much of the business is conducted in the world-famous Underwriting Room, which welcomes more than 5000 people, sees GBP 100m in premiums come into the market and GBP 82.1m paid out in claims every single day.
Lloyd’s is known for its innovation and willingness to insure unusual risks. The market has covered Arctic explorers, international aid organisations, satellite launches and taken on major global risks including cyber, terrorism and the consequences of climate change. And on a January morning in 1912, it insured the Titanic for GBP 1m.