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Glossary

Lloyd's of London

Lloyd's, also known as Lloyd's of London, is a British insurance market. The Society of Lloyd's was incorporated by Lloyd's Act 1871.

Unlike most of its competitors in the reinsurance market, it is not a company.

It serves as a meeting place where multiple financial backers, underwriters, or 'members', whether individuals (traditionally known as 'Names') or corporations, come together to pool and spread risk.

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