Definitions for lloyd's
lloyd's

WikipediaRate this definition:0.0 / 0 votes

1. 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 c. 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is transacted at each syndicate's "box" in the underwriting "Room" within this building, with the policy document being known as a "slip", but in more recent years it has become increasingly common for business to be conducted outside of the Lloyd's building itself, including remotely. The market's motto is Fidentia, Latin for "confidence", and it is closely associated with the Latin phrase uberrima fides, or "utmost good faith", representing the relationship between underwriters and brokers.Having survived multiple scandals and significant challenges through the second half of the 20th century, most notably the asbestosis affair, Lloyd's today promotes its strong financial "chain of security" available to promptly pay all valid claims. This chain consists of £55.2 billion of syndicate-level assets, £31bn of members' "funds at Lloyd's" and £4.9bn in a third mutual link which includes the "Central Fund" and which is under the control of the Council of Lloyd's.In 2021 there were 75 syndicates managed by 50 "managing agencies" that collectively wrote £39.2bn of gross premiums on risks placed by 388 registered brokers. Around half of Lloyd's premiums emanate from North America and around one-quarter from Europe. Direct insurance represented 63 per cent of the premiums, mostly covering property and casualty (liability), while the remaining 37 per cent was reinsurance.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Lloyd'snoun

   an association of underwriters and others in London, for the collection and diffusion of marine intelligence, the insurance, classification, registration, and certifying of vessels, and the transaction of business of various kinds connected with shipping

2. Lloyd'snoun

   a part of the Royal Exchange, in London, appropriated to the use of underwriters and insurance brokers; -- called also Lloyd's Rooms

Chambers 20th Century DictionaryRate this definition:0.0 / 0 votes

1. Lloyd's

   loidz, n. a part of the London Royal Exchange frequented by ship-owners, underwriters, &c. to obtain shipping intelligence and transact marine insurance.—Lloyd's Register, a list of sea-going vessels classified according to seaworthiness (as A1, &c.), annually prepared by an association of members of Lloyd's. [From their originally meeting in the coffee-house in Tower Street kept by Edward Lloyd in the 17th century.]

The Nuttall EncyclopediaRate this definition:0.0 / 0 votes

1. Lloyd's

   a part of the Royal Exchange, London, appropriated to the use of underwriters and for marine intelligence, frequented by those interested in merchant shipping; so called from Lloyd's Coffee-house, formerly the head-quarters of the class.

How to pronounce lloyd's?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say lloyd's in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of lloyd's in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of lloyd's in Pythagorean Numerology is: 6

Examples of lloyd's in a Sentence

1. Aaron Hernandez:

   As soon as they found out Aaron Hernandez -- a celebrity football player for New England Patriots -- was a friend of Odin Lloyd's, it was over.

2. Michael McCann:

   The prosecution now has a more difficult case in convincing a jury, beyond a reasonable doubt, that Aaron Hernandez murdered Odin Lloyd, while there remains incriminating evidence, such as video of Hernandez the night of the murder and an inexplicable use of a cleaning service at Hernandez's home, the loss of Odin Lloyd's text messages is a significant blow to the prosecution.

3. Mahesh Mistry:

   Lloyd's have supported (Iranian businesses) in the past -- some of them will be itching to get back in.

4. Robert Bloom:

   What it means is that Lloyd's family might be able to collect from the estate, they would have an action against the estate because of the wrongful death of their family member.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Lloyd'S
2. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/lloyd's
3. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=lloyd's
4. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#Lloyd'S