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DBpedia 2016-04

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Matches in DBpedia 2016-04 for { ?s ?p "Lloyd's of London, generally known simply as Lloyd's, is an insurance market located in London's primary financial district, the City of London. Unlike most of its competitors in the industry, it is not a company but rather is a corporate body governed by the Lloyd's Act of 1871 and subsequent Acts of Parliament. Lloyd's serves as a partially mutualised marketplace within which multiple financial backers come together to pool and spread risk. These underwriters, or \"members\", are a collection of both corporations and private individuals, the latter being traditionally known as \"Names\".The insurance business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life assurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it is based in a dedicated building on Lime Street, opened in 1986. Its motto is Fidentia, Latin for \"confidence\".In 2014, there were 94 syndicates that wrote £25.28 billion of gross premiums on business produced by 219 Lloyd's brokers. The year saw few catastrophic loss events, and collectively the market reported a pre-tax profit of £3.16 billion."@en }

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