The London Market, read as one market.
The world’s largest centre for commercial and specialty risk. Lloyd’s and the company market write the same business, through the same brokers.
Where the market’s combined ratios sit
Each dot is one business’s latest filed combined ratio. Below 100 per cent is an underwriting profit.
How strongly capitalised the market is
Each dot is one business’s latest solvency ratio. 100 per cent is the regulatory minimum.
Lloyd’s and The company market
| Lloyd’s | The company market | |
|---|---|---|
| What it is | A marketplace of syndicates | Authorised insurers and reinsurers |
| Who underwrites | Syndicates, run by managing agents | The insurer itself |
| Capital | Members, mostly corporate groups | The insurer’s own balance sheet |
| Often | Leads specialty placements | The London arm of a group abroad |
Every carrier, in its group
From London branch to ultimate parent abroad.
Against Lloyd’s
Each carrier compared with the syndicates it competes with.
Market change
Readiness for digital placement and the market’s data standards.
What is London market insurance?
Commercial and specialty insurance and reinsurance placed in London, usually through brokers and shared between several carriers, for risks too large or complex for local markets.
How do Lloyd’s and the company market differ?
Lloyd’s is a marketplace of syndicates trading under its licences. The company market is made up of insurers in their own right. They often write the same risks together.