Overview
Lloyd of London is the world only insurance and reinsurance market of its kind, tracing its origins to a coffee house opened by Edward Lloyd on Tower Street around 1688. It is not an insurance company but a partially mutualised marketplace governed by the Lloyd Act 1871 and subsequent Acts of Parliament, within which multiple financial backers grouped in syndicates pool and spread risk across almost every class of insurance imaginable.
In 2025, the Lloyd market produced gross written premium of GBP 57.9 billion, a combined ratio of 87.6%, and profit of GBP 10.6 billion. Total capital, reserves, and subordinated loan notes reached GBP 49.8 billion, representing a 22% return on capital.