LLOYD'S OF LONDON (LLOYD'S)
\lˈɔ͡ɪdz ɒv lˈʌndən lˈɔ͡ɪdz], \lˈɔɪdz ɒv lˈʌndən lˈɔɪdz], \l_ˈɔɪ_d_z ɒ_v l_ˈʌ_n_d_ə_n__ l_ˈɔɪ_d_z]\
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Begun in 1689 London, in Edward Lloyd's Tavern Street coffeehouse frequented by ship-owners. Syndicate of insurance underwriters and brokers. Oldest and most famous of this type of organization. About 20,000 underwriters gather into some 280 syndicates. Each syndicate specializes in a specific type of risk. As a syndicate of syndicates, virtually any type of danger or risk is covered. Oddly enough, providing reinsurance to other insurance companies is. their main business.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.
Nearby Words
- lloyd's
- lloyd's agents
- lloyd's association
- lloyd's broker
- lloyd's list
- LLOYD'S OF LONDON (LLOYD'S)
- lloyd's register of shipping
- lloyd's syndicate
- lloyd's-list
- lloyds
- llp