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Lloyd's
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. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Building
The Lloyd's building (sometimes known as the Inside-Out Building) is the home of the insurance institution Lloyd's of London. It is located on the former site of East India House in Lime Street, in London's main financial district, the City of London. The building is a leading example of radical Bowellism architecture in which the services for the building, such as ducts and elevators, are located on the exterior to maximise space in the interior. In 2011, twenty-five years after its completion in 1986 the building received Grade I listing; at this time it was the youngest structure ever to obtain this status. It is said by Historic England to be "universally recognised as one of the key buildings of the modern epoch". However, its innovation of having key service pipes, etc routed outside the walls has led to very expensive maintenance costs due to their exposure to the elements. History The first Lloyd's building (address 12 Leadenhall Street) had been built on this site ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
