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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 .
In 1878, at the age of 18, Heath became a clerk at Henry Head & Co., a firm of brokers and underwriters at Lloyd's of London. [12] [1] [13] [5] In 1880, at the age of 21, he was elected an underwriting member of Lloyd's, [1] [12] [14] with the backing of a £7,000 deposit provided by his father, [13] [5] [15] [4] and he began underwriting for himself two years later, in 1882.
Chubb Limited is an American–Swiss [2] company incorporated in Zürich, and listed on the New York Stock Exchange (NYSE) where it is a component of the S&P 500. [3] Chubb is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world. [4]
The Lloyd's building (centre), with Tower 42 in the top-left. The Lloyd's Agency Network was established in August 1811 by the then Committee of Lloyd's of London.They resolved that it is highly important to the interests of Underwriters, that a regular and universal system of intelligence and superintendence should be established in all the Principal Ports and Places, both at home and abroad ...
A surplus lines broker seeking to procure or place nonadmitted insurance in a state for an exempt commercial purchaser ("ECP") is not required to satisfy any state requirement to a make a due diligence search to determine whether the full amount or type of insurance sought by the ECP may be obtained from admitted insurers if: (1) the broker ...
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In July 1884, Lloyd's List merged with the Shipping and Mercantile Gazette. Lloyd's List has spawned several spin-off titles, including sister title Insurance Day. In 2009, Lloyd's List went through a major re-design that encompassed both the masthead and the newspaper itself. Between 2011 and 2017, a Lloyd’s List operated a mobile app. [6]
Hiscox is an underwriter at the Lloyd's of London insurance market. Hiscox Ltd. is an Anglo-Bermudan insurance provider, listed on the London Stock Exchange.An underwriter at Lloyd's of London, the company largely specialises in niche areas of the market, offering property and casualty insurance aimed at companies and high-net-worth individuals, as well as cover against such risks as hacking ...