Society of Lloyd's · London United Kingdom
Company Description
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This link will open in a new window Think of the Society of Lloyd's (aka Lloyd's of London) as a busy market where groups who have risks can meet up with groups who have money to insure risk. As the world's leading insurance exchange, Lloyd's regulates about 75 syndicates run by more than 40 managing agents. Customers include corporate underwriters and wealthy individuals transacting specialty property/casualty insurance business worth billions in premiums each year. Also part of the picture are Lloyd's brokers, who bring business to the market. Lloyd's is a top conduit for aviation and marine insurance, as well as its more specialized specialty insurance covering celebrity body parts or protecting against acts of terrorism. To read the full description, subscribe now.
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Key Society of Lloyd's Financials
| Company Type | Insurance Society Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $480.7 |
| 2008 Employees | 806 |
Society of Lloyd's Executives
44 executives listed for Society of Lloyd's's London, location.
| Title | Name & Bio | Contact |
| Chairman | Peter Levene | Network |
| Deputy Chairman, Counsel | Bill Knight | Network |
| Deputy Chairman, Lloyd's | Ewen Gilmour | Network |
Competition
Competitive Landscape for Society of Lloyd's
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Society of Lloyd's Competitors
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