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Lloyd's
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Building
The Lloyd's building (sometimes known as the Inside-Out Building) is the home of the insurance institution Lloyd's of London. It is located on the former site of East India House in Lime Street, in London's main financial district, the City of London. The building is a leading example of radical Bowellism architecture in which the services for the building, such as ducts and elevators, are located on the exterior to maximise space in the interior. In 2011, twenty-five years after its completion in 1986 the building received Grade I listing; at this time it was the youngest structure ever to obtain this status. It is said by Historic England to be "universally recognised as one of the key buildings of the modern epoch". However, its innovation of having key service pipes, etc routed outside the walls has led to very expensive maintenance costs due to their exposure to the elements. History The first Lloyd's building (address 12 Leadenhall Street) had been built on this sit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Coffee House
A 19th-century drawing of Lloyd's Coffee House Lloyd's Coffee House was a significant meeting place in London in the 17th and 18th centuries. It was opened by Edward Lloyd (c. 1648 – 15 February 1713) on Tower Street in 1686. The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them by providing reliable shipping news. The shipping industry community frequented the place to discuss maritime insurance, shipbroking and foreign trade. The dealings that took place led to the establishment of the insurance market Lloyd's of London, Lloyd's Register and several related shipping and insurance businesses. The coffee shop relocated to Lombard Street in December 1691. Lloyd had a pulpit installed in the new premises, from which maritime auction prices and shipping news were announced. Candle auctions were held in the establishment, with lots frequently involving ships and shipping. From 16961697 Lloyd also experimented with publishing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marine Insurance
Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, ( container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier or related post, shipping insurance is used instead. History In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 BC) of the First Babylonian Empire in the city of Shush, Iran. Code of Hammurabi Law 100 stipulated repayment by a debtor of a loan to a creditor on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Subscription Room Edited
Lloyd, Lloyd's, or Lloyds may refer to: People * Lloyd (name), a variation of the Welsh word ' or ', which means "grey" or "brown" ** List of people with given name Lloyd ** List of people with surname Lloyd * Lloyd (singer) (born 1986), American singer Places United States * Lloyd, Florida * Lloyd, Kentucky * Lloyd, Montana * Lloyd, New York * Lloyd, Ohio * Lloyds, Alabama * Lloyds, Maryland * Lloyds, Virginia Elsewhere * Lloydminster, or "Lloyd", straddling the provincial border between Alberta and Saskatchewan, Canada Companies and businesses Derived from Lloyd's Coffee House * Lloyd's Coffee House, a London meeting place for merchants and shipowners between about 1688 and 1774 * Lloyd's of London, a British insurance market ** ''Lloyd's of London'' (film), a 1936 film about the insurance market ** Lloyd's building, its headquarters ** Lloyd's Agency Network * ''Lloyd's List'', a website and 275-year-old daily newspaper on shipping and global trade ** ''Lloyd's List ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syndicate
A syndicate is a self-organizing group of individuals, companies, corporations or entities formed to transact some specific business, to pursue or promote a shared interest. Etymology The word ''syndicate'' comes from the French word ''syndicat'' which means "trade union" (''syndic'' meaning "administrator"), from the Latin word ''syndicus'' which in turn comes from the Greek word σύνδικος (''syndikos''), which means "caretaker of an issue"; compare to ombudsman or representative. Definition The ''Merriam Webster Dictionary'' defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction. It may mean an association of racketeers in organized crime. It may refer to a business concern that sells materials for publication (newspaper, radio, TV, internet) in a number of outlet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruce Carnegie-Brown
Bruce Neil Carnegie-Brown (born December 1959) has been Chairman of the insurance market Lloyd’s of London since June 2017, and is Vice Chairman of Banco Santander. He is also chairman of the Marylebone Cricket Club and of Cuvva Ltd. He was Chairman of the price comparison website Moneysupermarket.com Group from April 2014 to May 2019. Early life and education Carnegie-Brown was born on 27 December 1959 in Freetown, Sierra Leone. His father was an engineer and tobacco executive, and the family migrated often, including time in Libya, Jordan, Tanzania and Malaysia. Bruce attended Cheltenham College, in 1973 and leaving in 1977. In 1977, he won a scholarship to study English Language and Literature at Exeter College, Oxford matriculating in 1978 and graduating with a First Class Honours degree in 1981. Business career After leaving university, Carnegie-Brown spent four years at Bank of America as an investment banker, before joining JP Morgan, where he worked for 18 years ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lime Street, London
Lime Street is a minor road in the City of London between Fenchurch Street to the south and Leadenhall Street to the north. Its name comes from the lime burners who once sold lime from there for use in construction. It is perhaps best known as the current home of the world's largest insurance market, Lloyd's of London, since its newest building was opened on the street in 1986. Opposite Lloyd's, the Willis Building is the global headquarters of insurance broker Willis. A 35-storey building stands at 52-54 Lime Street as the European headquarters of global insurer W. R. Berkley. The northern portion of the street is pedestrianised. Vehicular through-access to Leadenhall Street is prevented by a firegate, forcing drivers to bear right onto Fenchurch Avenue, from which a left turn onto Billiter Street returns vehicles to Leadenhall Street. Nearby is the Norman Foster-designed and gherkin-shaped skyscraper 30 St Mary Axe, and the Leadenhall Building. Leadenhall Market is on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages, but the modern area named London has since grown far beyond the City of London boundary. The City is now only a small part of the metropolis of Greater London, though it remains a notable part of central London. Administratively, the City of London is not one of the London boroughs, a status reserved for the other 32 districts (including Greater London's only other city, the City of Westminster). It is also a separate ceremonial county, being an enclave surrounded by Greater London, and is the smallest ceremonial county in the United Kingdom. The City of London is widely referred to simply as the City (differentiated from the phrase "the city of London" by capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Tower Street
Great Tower Street, originally known just as Tower Street, is a street in the City of London, the historic nucleus and modern financial centre of London. It forms an eastern continuation of Eastcheap starting at Idol Lane, and leads towards Byward Street and Tower Hill. On Byward Street, opposite Great Tower Street, is the historic church All Hallows-by-the-Tower. A public house called the Czar's Head used to stand at No. 48, so named because Peter the Great used to drink there when he was learning shipbuilding at Deptford. Somewhere on Tower Street in 1688, Edward Lloyd opened Lloyd's Coffee House, where the insurance market Lloyd's of London originated. In 1691, Lloyd relocated his shop to nearby Lombard Street; today Lloyd's is based on Lime Street. Prior to boundary changes in 2003, Great Tower Street formed the centre of the City ward of Tower. Today it lies mostly in Billingsgate ward, but a short portion of the easternmost end of the street is still within Tower ward. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Gazette
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
