R320.00
Lloyd’s of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as “Names”) or corporations, come together to pool and spread risk. Unlike most of its competitors in the reinsurance market, it is neither a company nor a corporation.
Lloyd’s is not an insurance company. It is an insurance market of members. As the oldest continuously active insurance marketplace in the world, Lloyd’s has retained some unusual structures and practices that differ from all other insurance providers today. Originally created as an unincorporated association of subscribing members in 1774 it was incorporated by the Lloyd’s Act 1871, and is currently governed under the Lloyd’s Acts of 1871 through to 1982.
Structurally Lloyd’s is governed by the Council of Lloyd’s, an 18 member body roughly equivalent to the board of directors of a company. The Council administers the Corporation of Lloyd’s which runs the various services and administrative operations of Lloyd’s. The Council delegates most of its day to day oversight roles, particularly relating to ensuring the market operates successfully, to the Franchise Board.
Price: 320.00
Edition: First edition
Date published: 1957
Publishers: Macmillan & Company
Condition: Blue cloth hardback binding with painted red spine label with gilt titles and border in excellent condition. White and blue dust jacket with minor shelf wear and small spots on the cover. Internally in near-mint condition – Illustrated with black and white frontispiece and contains twenty-one other plates throughout the book.
1 in stock
Description
Lloyd’s of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as “Names”) or corporations, come together to pool and spread risk. Unlike most of its competitors in the reinsurance market, it is neither a company nor a corporation.
Lloyd’s is not an insurance company. It is an insurance market of members. As the oldest continuously active insurance marketplace in the world, Lloyd’s has retained some unusual structures and practices that differ from all other insurance providers today. Originally created as an unincorporated association of subscribing members in 1774 it was incorporated by the Lloyd’s Act 1871, and is currently governed under the Lloyd’s Acts of 1871 through to 1982.
Structurally Lloyd’s is governed by the Council of Lloyd’s, an 18 member body roughly equivalent to the board of directors of a company. The Council administers the Corporation of Lloyd’s which runs the various services and administrative operations of Lloyd’s. The Council delegates most of its day to day oversight roles, particularly relating to ensuring the market operates successfully, to the Franchise Board.
Price: 320.00
Edition: First edition
Date published: 1957
Publishers: Macmillan & Company
Condition: Blue cloth hardback binding with painted red spine label with gilt titles and border in excellent condition. White and blue dust jacket with minor shelf wear and small spots on the cover. Internally in near-mint condition – Illustrated with black and white frontispiece and contains twenty-one other plates throughout the book.
Additional information
| Weight | 1100 g |
|---|
