Depending on the context this term may refer to –
(a) the society of individual and corporate underwriting members that insure and reinsure risks as members of one or more syndicates. Lloyd’s is not an insurance company;
(b) the underwriting room in the Lloyd’s Building in which managing agents underwrite insurance and reinsurance on behalf of their syndicate members. In this sense Lloyd’s should be understood as a market place; or
(c) the Corporation of Lloyd’s which regulates and provides support services to the Lloyd’s market.
