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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 .
[11] [12] But by 1971 being an insurance agent was no longer strictly a male profession, so the words "the Man from" were dropped in 1972, and "Nationwide is on your side" [13] became the slogan, after the first female agent Diana M Krapf was hired and asked that it be changed so she could properly represent the company as an insurance agent ...
In 1980, the company became an insurance carrier when Essex Insurance Company was incorporated and licensed to write excess and surplus lines business. [5] In 1986, the Markel Corporation was listed on the NASDAQ exchange, with an IPO offered at $8.33 per share. The company's trading was moved to the NYSE in 1997. [6]
The company was also a Lloyd's of London syndicate, involved in insurance-linked securities, [114] a specialist in US small commercial excess and surplus underwriting, and a provider of crop insurance. [115] [116] The deal "brought in fresh underwriting talent," particularly in property risk and catastrophe risk. [114]
Cuthbert Heath was born in 1859 in Forest Lodge near Southampton, England. [4] He was the fourth of seven children of Captain Leopold Heath, [4] [5] a Royal Navy officer who achieved the rank of Vice Admiral, became the Commander-in-Chief, East Indies, and was appointed a Knight Commander of the Order of the Bath (KCB). [6]
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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]
The London/UK hub is composed of Catlin's original operation and includes London wholesale insurance and reinsurance business underwritten by the Catlin Syndicate at Lloyd's (Syndicate 2003), the largest syndicate at Lloyd's of London in terms of premium volume, and Catlin UK (Catlin Insurance Company (UK) Ltd.), which writes UK regional ...