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Hotels near to Lloyds of London
London EC3
You are looking for a hotel near to Lloyds of London
The leading insurance market, Lloyds of London provides specialist insurance services. Similar to the Stock Exchange (which doesn't sell shares but works as a venue where shares may be purchased), Lloyds does not sell insurance. Rather, it functions as a sort of marketplace where businesses may go to buy insurance. As the world's second largest commercial insurer and sixth largest reinsurance group, Lloyds specialist services are utilized by businesses in well over 100 countries.
However, Lloyds wasn't always a global powerhouse. In fact, the insurance service provider's origins date to the late 1680s when, City of London coffee house proprietor, Edward Lloyd, began offering a free information service on shipping, prompting wealthy investors to conduct transactions at his coffee house. Even after his death twenty-five years later, his coffee house remained London's hub of insurance. His free shipping information became known as "Lloyds List" and, roughly a century later, Lloyds of London had become the insurance market for the British Empire and, thus, the most important insurance market in the world.
Since Lloyds beginning in Edward Lloyds coffee house, the activities of insurance underwriting have been conducted in "The Room" by a group originally known as "gentlemen insurers". Underwriters at Lloyds are referred to as Names and have full personal liability for any losses made on their accounts. Together these Names form a syndicate. Such a grouping is not a legal entity but a collection of individuals in agreement to underwrite within a common administrative system.
As Lloyds grew in dominance, so did its need for a space beyond its coffee house origins. Evolving into a more formal organization, Subscribers to Lloyds moved on to new premises at the Royal Exchange in the 1770s. In 1928, Lloyds of London moved to 12 Leadenhall Street, occupying the first building for it actually to own.
Today, Lloyds is based at Number One Lime Street. The building itself, is a striking example of modern architecture. However, don't expect a tour. Entry is strictly prohibited. Constructed on the site of London's ancient Roman Forum, the Lloyds building was designed by architect Richard Rogers (completed in 1986). Keeping with tradition, work is still conducted in "The Room". General staff are referred to as waiters, a reference to Lloyds coffee house roots. Lloyds insurance and re-insurance services are used by 96% of the FTSE 100 and 93% of the Dow Jones. A premium capacity of £14.4 billion was reached in 2003, marking an all time record high for the once tiny coffee house offering free shipping information.
If you are looking for a hotel near to Lime Street London and Lloyds then there are several to chose from within a short distance. Simply use the search box at the top of the page to show every hotel near Lloyds of London.
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©2011 Hotels near to Lloyds of London - by Book-London.com - cheap London hotel finder
©2011 Hotels near to Lloyds of London - by Book-London.com - cheap London hotel finder