Lloyd’s And Bermuda:Symbiotic (Re)Insurance Markets

Coffee houses were an important part of commercial London in the 1700s, and Lloyd's Coffee House was known as a place to talk about shipping.

It is difficult to say whether Bermuda would have come up in discussions in Lloyd's back then, but if it did, it would have been as a navigational obstacle to commercial trade routes rather than as an insurance market in its own right.

That small coffee shop transformed over time to a place where ships and cargo were insured, and ultimately into one of the most renowned insurance markets in the world – Lloyd's of London.

Lloyd's is overseen and promoted by the Corporation of Lloyd's, which is responsible for managing international licenses, conducting regulatory reporting, and determining the capital levels that members must provide to support their underwriting book.