Lloyd's of London Review 2025
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Reviewed by
Cara Carlone is a licensed P&C agent with 20 years of experience. She has her P&C license in RI and TX and holds CPCU, API, and AINS designations.
Trusted Choice's Lloyd's of London Score
4 Stars
Lloyd's of London, or Lloyd's, is an insurance and reinsurance market located in London. Lloyd’s is not an insurance company. It is a corporate body governed by the Lloyd's Act of 1871 and subsequent Acts of Parliament.
Edward Lloyd founded Lloyd's of London in 1686, and it soon became a popular insurer for merchants, sailors, and ship owners. Over the centuries, Lloyd's has evolved to cover a variety of risks throughout the world. Lloyd's is now the corporate umbrella under which syndicates, or insurers, write new coverage.
The syndicates specialize in different types of risks, and each syndicate decides which types of risks to insure. The main purpose of Lloyd's of London is to act as an intermediary between clients, underwriters, brokers, and insurance companies. Worldwide gross premiums total over $48 billion.
Lloyd's of London in the U.S.
Forty percent of Lloyd's global premiums are held by U.S. customers. Lloyd's is the largest surplus lines insurer in the U.S. and the largest non-U.S. domiciled reinsurer.
All Lloyd's syndicates share market ratings of A (Excellent) from AM Best.
We award Lloyd’s of London a 4.0 out of 5.0 stars.
Lloyd's of London is a giant in the insurance market. The company has a long history in the insurance industry, and the company has vast fiscal resources. Lloyd's is the largest surplus lines insurer in the U.S. and the largest non-U.S. domiciled reinsurer. The company is rated A (Excellent) by AM Best, and it has over a century of experience in protecting both standard and unique or non-standard risks around the world.
Lloyd’s of London is trustworthy and reliable. The company works exclusively through independent insurance agents and brokers, so public information about its specific policies and programs is hard to find. If you are looking for an admitted carrier in your state, Lloyd’s may not be for you. But if you have a surplus or unique risk, Lloyd’s may be the right company for your needs.
Lloyd's of London Pros and Cons
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A non-admitted insurance company is not backed by the state, and the company does not necessarily comply with state insurance regulations. If the company becomes insolvent, there is no guarantee that claims will be paid. If policyholders think their case was handled improperly, they can’t appeal to the state insurance department.
Your independent insurance agent can help you determine if choosing Lloyd’s for your personal or business insurance needs is right for you. You can also use our national insurance company directory to find the best companies to meet your needs. The directory will help you locate insurance companies that specialize in what you need, and can help you get connected to an agent near you.
Lloyd's of London Products
Lloyd's insures nearly every class of business in the U.S. except life, workers’ compensation, and financial guarantees. Underwriters at Lloyd's are authorized surplus lines insurers in all U.S. states and territories and admitted insurers in Illinois, Kentucky, and the U.S. Virgin Islands.
If you have a question about purchasing insurance from Lloyd's, contact an independent insurance agent licensed to conduct business in your state.
What Discounts Does Lloyd's Offer?
Lloyd’s does not publish any information about specific discounts or savings opportunities.
Lloyd's Customer Service
Lloyd’s is not able to answer questions about individual policies.
According to the website for Lloyd’s of London in the U.S., if you’re an existing Lloyd's policyholder or have a question about purchasing insurance from Lloyd's, you should contact your local insurance agent or broker licensed to conduct business in your state.
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Lloyd's FAQs
According to the website for Lloyd’s of London in the U.S.:
"If you are a Lloyd’s policyholder and you have any questions or concerns about your policy or the handling of a claim you should, in the first instance, contact the firm or individual that sold the insurance to you. Please refer to your policy wording for the relevant contact details, in most cases this information will be at the back of your policy documentation."
The company does not provide any further public information about claims processing or claims response time. Policyholders can likely find more information in their policy documents.
According to the website for Lloyd’s of London in the U.S., if you’re an existing Lloyd's policyholder or have a question about purchasing insurance from Lloyd's, you should contact your local insurance agent or broker licensed to conduct business in your state.
The company suggests that if a policyholder has exhausted all options in finding an appropriate contact person, a policyholder can email Lloyd's team for help in finding the proper contact.
Policyholders are also instructed to contact their agent, broker, or other appropriate contact as outlined in their policy documents for any and all other service needs.
According to the website for Lloyd’s of London in the U.S., claims should be filed as follows:
"Lloyd’s does not process claims.
The contact that you most likely need is the claims notification agent. If you are a policyholder, the details of the claims notification agent should be set out in your insurance policy. If you are unable to locate the details of the claims notification agent, you should contact the broker or agent that sold you the insurance coverage.
If you are not the policyholder, you will need to obtain the details of the claims notification agent from the insured."
The company describes how policyholders should check on the status of a claim as follows:
"Lloyd’s will have no knowledge of your claim.
As noted above, Lloyd’s is a marketplace of independent insurers.
There is no central database of policies placed in the Lloyd’s market by independent insurers who keep their own commercially-sensitive records. Lloyd’s has no access to those individual records and as such, Lloyd’s is unable to identify which agent was used, or verify any purported coverage by reference to a policy number or a named insured.
If you do not already have a claims notice point of contact, we would advise you to approach the broker or agent that you (if you are the policyholder) or the insured (if you are not the policyholder) used to purchase coverage, as only that agent will be able to identify the relevant insurer(s) to assist with your enquiries."
The website for Lloyd’s of London in the U.S. offers a lot of information that is primarily for agents, brokers, investors, insurance companies, and other entities. Individuals or businesses that want information about Lloyd’s should contact their independent insurance agent or broker.
Details about insurance policies offered by Lloyd's syndicates in the U.S. are hard to find, making it difficult to compare their policies to other insurance companies.
While it is not a traditional insurance company, Lloyd’s of London is an insurance powerhouse that has been in existence for centuries. It is a unique organization that primarily works through insurance agents and brokers, with little or no contact with individual customers. The company has strong name recognition, high financial strength ratings, and varied customer satisfaction reviews. All in all, Lloyd’s is a good company.
https://www.lloyds.com/en-us/lloyds-around-the-world/us