an insurance market based in London where member S (= specialized people and companies) insure the risks of financial, manufacturing, shipping, oil, and other organizations. Each group of members is represented by an underwriter who calculates the risks of business offered to the members and decides whether to accept it, and if so what the price paid for the insurance should be
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An insurance underwriting market based in London, which covers risks such as marine, aviation, catastrophe cover and professional indemnity.
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Lloyd's (of London) UK US noun
► INSURANCE an organization in the UK whose members sell insurance, originally especially for ships: »
In the 1990s a series of natural disasters severely damaged Lloyd's insurance market.
Financial and business terms. 2012.