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Lloyd’s of London, generally known simply as Lloyd’s, is an insurance market located in London’s primary financial district, the City of London. Unlike most of its competitors in the industry, it is not an insurance company. It is a corporate body governed by the Lloyd’s Act of 1871 and subsequent Acts of Parliament. It is a partially mutualized marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk.
The insurance business underwritten at Lloyd’s is predominantly general insurance and reinsurance, although a small number of syndicates write term life assurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1686. Today, it has a dedicated building on Lime Street, opened in 1986. Its motto is Fidentia, Latin for ‘confidence’ which is closely associated with the Latin phrase Uberrima Fides, or ‘utmost good faith’.
Our sister company, G&M International, has direct access to Lloyd’s of London. As a Lloyd’s broker, they are able to utilize a broad range of products and services from the insurance industry and provide risk and insurance solutions for major industry and business sectors as well as niche markets.
Their business embraces wholesale, retail and reinsurance products, and is reinforced by a highly experienced in-house claims team that spans all our divisions. With access to the Lloyd’s syndicates and all major insurance markets, they work closely with other brokers and intermediaries to ensure global distribution. Clients of General & Medical International, are assured of the highest professional standards, an independent perspective and a flexible approach, together with traditional broking values that are enhanced by our innovative and entrepreneurial style.
The G&M International office is centrally located in the City of London, a three minute walk away from The Lloyd’s building on Lime Street. So from a risk inquiry arriving in our office, we can be talking face to face with an Underwriter in Lloyd’s within minutes.
Through G&M International's strategic relationships in the Lloyd’s and wider London market, we have access to various bespoke facilities and solutions that cannot be found elsewhere.
We are also proficient in the arrangement of new facilities to help our broker partners’ business grow and develop with the support of a strong carrier and expert broking team in London to assist.
Our wordings experts can help our broker partners work with our preferred markets to develop new products and allow them to offer something that their competitors cannot.
Want to know more?
Contact us today to find out about our available products and to see how we can help you with your insurance or reinsurance requirements.