Lloyd’s is one of the best known institutions in insurance, world-wide. Now in a fully updated second edition, the BILA award-winning Lloyd’s: Law and Practice is still the preeminent practitioner guide to the unique features and complications of the Lloyd’s Corporation and Market.
After a brief historical account, the book provides a thorough legal description and analysis of Lloyd’s. Taking into account the recent UK Insurance Act 2015, the book looks at the constitution and membership requirements of Lloyd’s, UK and overseas regulation, the processes for placing and underwriting business and handling claims, chain of security, enforcement and disciplinary matters, compensation and the reconstruction and the renewal of the Lloyd’s market between 1990 and 1996.
This book remains an invaluable resource for any legal and non-legal practitioners that deal with Lloyds.