Lloyd's of London

{
  "id": "MLC-T-INS-002047",
  "term": "Lloyd's of London",
  "field": "Insurance and risk management",
  "definition": "A unique insurance market, not an insurance company, where multiple financial backers (members) pool capital to underwrite risks through syndicates. It specializes in complex, unusual, and large-scale risks that traditional insurers may not cover. Lloyd's operates under its own Act of Parliament and is regulated by the Prudential Regulation Authority and the Financial Conduct Authority.",
  "url": "https://mlchart.com/terminology/insurance/lloyd-s-of-london/"
}