Lloyd's Lloyd's is the world's leading insurance market providing specialist insurance services to businesses in over 200 countries and territories. In 2006, 66 syndicates are underwriting insurance at Lloyd's. Lloyd's is the world's best known - but probably least understood - insurance brand. This is because Lloyd's is not an insurance company but a society of members, both corporate and individual, who underwrite in syndicates on whose behalf professional underwriters accept risk. Lloyd's brokers bring business to the market. Together, the syndicates underwriting at Lloyd's form one of the world's largest commercial insurers and a leading reinsurer. Our Expertise Lloyd's is home to the most skilled and experienced specialist underwriters in the world. The Lloyd’s market is a pioneer in developing insurance to address new, complex and difficult risks and is a market leader in the provision of insurance cover for terrorism and political risk. Lloyd's appetite for risk is backed by an unrivalled pool of underwriting expertise, enabling underwriters to devise tailored and innovative solutions to meet the needs of customers around the world. Latest News from Lloyd’s Lloyd's News Center

One Lime Street London EC3M 7HA United Kingdom Tel. +44 (0)20 7327 1000 www.lloyds.com History Edward Lloyd opened a coffee house in London in 1688, encouraging a clientele of ships' captains, merchants and ship owners. Lloyd quickly earned a reputation for trustworthy shipping news. This ensured that Lloyd's coffee house became recognised as the place for obtaining marine insurance. As London grew in importance as a centre of trade, demand for insurance of ships and cargo increased. Over time the brokers and underwriters meeting at the coffee house created what is today the world's leading specialist insurance market.