Lloyd's Of London

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Definition of 'Lloyd's Of London'

Lloyd's of London is a 330-year-old insurance market located in the City of London. It is the world's leading insurance market, providing a wide range of insurance and reinsurance products to customers around the world. Lloyd's is a unique market in that it is a marketplace for insurance, rather than a single insurance company. This means that Lloyd's brings together a wide range of insurers, reinsurers, and brokers to provide insurance to customers.

Lloyd's is also unique in that it is a market that is open to all. This means that anyone can buy insurance from Lloyd's, regardless of their size or location. Lloyd's is also a market that is regulated by the UK government. This regulation helps to ensure that Lloyd's is a fair and transparent market.

Lloyd's is a major contributor to the UK economy. It employs over 40,000 people and generates over £20 billion in annual revenue. Lloyd's is also a major contributor to the UK's financial services sector. It is a global leader in insurance and reinsurance, and it plays a key role in the UK's economy.

Here are some of the key facts about Lloyd's of London:

* Lloyd's is the world's leading insurance market.
* Lloyd's is a marketplace for insurance, rather than a single insurance company.
* Lloyd's is open to all.
* Lloyd's is regulated by the UK government.
* Lloyd's is a major contributor to the UK economy.
* Lloyd's is a global leader in insurance and reinsurance.

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