LLOYD’S OF LONDON: A HISTORICAL PERSPECTIVE AND CONTEMPORARY ROLE

Authors

DOI:

https://doi.org/10.60078/2992-877X-2025-vol3-iss2-pp194-199

Abstract

This article is devoted to analyzing the modern role of Lloyd’s of London – the oldest and the biggest insurance marketplace in the world – in addressing current challenges and opportunities within the global insurance landscape. It examines the institution's historical evolution, its unique business model, and its capacity to adapt to emerging risks such as climate change and sustainability issues.

Keywords:

Lloyd’s syndicates insurance risk management reinsurance

References

Ferguson R.B. (1983). Self-regulation at Lloyd’s: The Lloyd’s Act 1982. The Modern Law Review. Vol. 46, No.1, pp. 56-65, 10 pages.

Hindley D.J. and others (2000). The Lloyd’s Reinsurance to close process. British Actuarial Journal, Vol. 6, No. 4 (December 2000), pp. 651-720, 70 pages.

Kilminster W. and others (2024). Organizing long duration interdependence in Lloyd’s of London: Persistence in a part-whole paradox of organizing. Routledge. Taylor&Francis Group. 36 pages.

Lloyds.com. (2021). ClimateWise - Lloyd’s. Addressing the challenges of climate change. [online] Available at: https://www.lloyds.com/about-lloyds/sustainability/partnerships/ climatewise

Report (2020) ClimateWise Annual Reporting 2019-2020. Available at: https://assets.lloyds.com/media/9279347b-10b2-4b5f-940c-b93bfa11448e/Lloyd's-Full-ClimateWise-Report-for-website.pdf

Tollin H.M. and Deckman M. (2000). Lloyd’s of London and the Problem with Federal Diversity Jurisdiction. Florida State University Journal of Transnational Law & Policy. Volume 9. Issue 2. Article 2. 22 pages.

World Economic Forum. (2020). Lloyd’s ESG Report: stepping back from coal and oil sands. [online] Available at: https://www.weforum.org/stories/2020/12/lloyds-of-london-climate-change-policy/

www.insurancebusinessmag.com. (n.d.). Lloyd’s of London: everything you need to know. Available at: https://www.insurancebusinessmag.com/us/companies/lloyds-of-london/67021/.

Downloads

Published

How to Cite

Umarov , H. (2025). LLOYD’S OF LONDON: A HISTORICAL PERSPECTIVE AND CONTEMPORARY ROLE. In Economic development and analysis. https://doi.org/10.60078/2992-877X-2025-vol3-iss2-pp194-199