LLM1000 - Introduction to Lloyd's


This section provides an introduction to the Lloyd's market. It explains the basic terms and concepts used in the Lloyd’s market – members, syndicates, managing and members’ agents, and syndicate capacity. It also looks at the regulation and management of Lloyd’s and its capital structure.

LLM1010Background
LLM1020Market developments: 1992 to 2002
LLM1030Market developments: 2002 onwards
LLM1040Basic concepts and terms: types of Lloyd's member
LLM1050Basic concepts and terms: types of Lloyd's member: individuals
LLM1060Basic concepts and terms: types of Lloyd's member: companies
LLM1070Basic concepts and terms: types of Lloyd's member: conversion vehicles
LLM1080Basic concepts and terms: syndicates
LLM1090Basic concepts and terms: managing agents and premium trust funds
LLM1095Basic concepts and terms: managing agents and premium trust funds: aligned member syndicates
LLM1100Basic concepts and terms: coverholders, Lloyd's brokers and placing risk at Lloyd’s
LLM1110Basic concepts and terms: members’ agents and MAPAs
LLM1120Basic concepts and terms: syndicate capacity
LLM1130Basic concepts and terms: syndicate capacity: rights attaching to
LLM1140Basic concepts and terms: syndicate capacity: acquisition and disposal
LLM1150Basic concepts and terms: syndicate capacity: Members’ Agent Pooling Arrangements (MAPAs)
LLM1160Regulation and management: the Council of Lloyd’s, the FSA and the Franchise Board
LLM1170Regulation and management: the Corporation and central functions
LLM1180Capital structure: the chain of security
LLM1190Capital structure: the chain of security: premium trust fund
LLM1200Capital structure: the chain of security: Funds at Lloyd's
LLM1210Capital structure: the chain of security: the Central Fund and other central assets
LLM1220Capital structure: the chain of security: solvency