Meaning & use
Lloyd's of London
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Meaning
proper nounproper
A famous London insurance market where groups of underwriters take on large or unusual risks, such as ships, satellites and celebrity body parts.
Grammar: Usually written with no article and treated as singular: Lloyd's of London insures the cargo.
Patterns
- insured through Lloyd's of London
- a Lloyd's of London syndicate
The shipping company insured its fleet through Lloyd's of London.
Lloyd's of London began in a coffee house where merchants discussed ships and cargo.
The film star reportedly took out a policy with Lloyd's of London on her voice.
Common combinations
- insured by Lloyd's of London
- The painting is insured by Lloyd's of London for millions.
- a Lloyd's of London syndicate
- A Lloyd's of London syndicate covered the oil rig.
- Lloyd's of London underwriter
- She trained as a Lloyd's of London underwriter in her twenties.
- Lloyd's of London policy
- The Lloyd's of London policy paid out after the storm.
Synonyms and how they differ
- Lloyd's
- The short form used by insurance professionals, slightly more casual than the full name.
- insurance market
- A general term; Lloyd's of London is one specific, historic example of it.
Word family
Commonly confused: Lloyd's of London or Lloyds Bank?
Lloyd's of London vs Lloyds Bank
Lloyds Bank is a high-street bank, a separate organization from the Lloyd's of London insurance market, despite the similar name.
Practice
A ship owner wanting cover for a rare, high-value cargo might approach _____.
Choose one answer.
Lloyd's of London is the insurance market for unusual risks. The other choices are a retailer, an attraction and a police headquarters.
Make it your own
Write a sentence using “Lloyd's of London”, then check it and compare it with the examples above.