Lloyd’s vision is to be the market for specialist insurance and reinsurance, where the world takes its risk. For over 330 years, people, businesses and communities have relied on the Lloyd’s market to protect what matters most. Lloyd’s unique (re)insurance market has an unrivalled concentration of specialist underwriting expertise and, every day, more than 50 leading insurance companies, over 200 registered Lloyd’s brokers and a global network of over 4,000 local coverholders, operate in and bring business to the Lloyd’s market. Lloyd’s both manages the operation of the Lloyd’s market place and regulates the market.
Lloyd’s has one third membership of LIMOSS and appoints two of its eight directors. Lloyd’s interest in LIMOSS is twofold: first, the Lloyd’s market depends for its operation on the Market Services which LIMOSS oversees; second, Lloyd’s needs to ensure that LIMOSS is exercising its oversight appropriately of Market Service providers.