Lloyd's Underwriters Association

Lloyd's Underwriters Association (Lloyd's) is the largest insurance association in Britain. It originated from the cafe opened by Edward Lloyd, a British businessman, in Tower Street on the Thames in 1688. Lloyd's is not only an insurance organization, but also an insurance market, similar to the New York Stock Exchange. The difference is that it only provides trading places and services to its members and does not underwrite business itself. Lloyd's terms and form of declaration It has a wide influence in the world, and its rate is the wind vane of the global insurance industry.