London Market

London Market

Since large-scale commercial insurance originated in London more than 300 years ago, the insurance hub here has enjoyed a unique position. London insurers' willingness to underwrite complex commercial risks enabled London merchants to turn the city into a global trade centre.
The growth of trade encouraged the development of an unrivalled ecosystem of capital providers, underwriters and brokers.Today, companies and individuals across the world turn to the London Market to protect themselves against speciality risks, which would not have been underwritten anywhere in the world. London Market is known for its innovative attitude and professionalism, which is an example for markets in other parts of the world.
he business written at Lloyd's is brought to specialist syndicates, who price and underwrite risk, via brokers and coverholders. Much of the capital available at Lloyd's is provided on a subscription basis - where Lloyd's underwriters join together as syndicates and where syndicates join together to underwrite risks and programmes. This kind of collaboration, combined with the choice, flexibility and financial certainty of the market, makes Lloyd's the world's leading insurance platform.
But in an unpredictable global climate, Lloyd's underwriters must also rely on their experience and industry knowledge to cast light into the darkness ahead. Behind the Lloyd's market is the Lloyd's Corporation, not itself an insurer but an independent organisation and regulator that acts to protect and maintain the market's reputation and provides services and original research, reports and analysis to the industry's knowledge base.
Under one globally trusted name, the Lloyd's market and Lloyd's Corporation work together to protect your interests, promote economic growth and underwrite human progress.

  • The Lloyd's market

The majority of business written at Lloyd's is placed through brokers who facilitate the risk-transfer process between clients (policyholders) and underwriters.

  • The Corporation of Lloyd's

The Corporation oversees and supports the Lloyd's market, ensuring it operates efficiently and retains its reputation as the market of choice for specialist insurance and reinsurance risk.

  • Stability and security

Lloyd's financial strength derives from its unique capital structure, often referred to as the 'Chain of Security'. It provides excellent financial security to policyholders and capital efficiency for members.

Opportunities for London to enhance its position:
1. Build on London's reputation for innovation and flexibility to cover new risks, such as cyber supply chain and reputation, to offset the commodification of more traditional coverage.

2. Utilize London's historical strength in expertise-based pricing with analytical capabilities and techniques to reinforce its advantage and offer additional value to customers.

3. listen and encourage Entrepreneur Skills and ready to encompass changes which are vital to any society.