Corporation formed to market services of a group of underwriters. Does not issue insurance policies or provide insurance protection. Insurance is written by individual underwriters, with each assuming a part of every risk. Has no connection to Lloyd's of London, and is found primarily in Texas.

"Lloyds" In Context

"LLOYDS Banking Group is playing “hardball” with banking consolidation vehicle NBNK, according to senior sources, following the regulatory knockback the lender received during its negotiations with the Co-op to try and offload 632 branches. It is ..."