Question

Lloyd's of london is not an insurance company, but consists of groups of underwriters called _________, each of which specializes in insuring a particular type of risk.

Answer 1

Lloyd's of london is not an insurance company, but consists of groups of underwriters called syndicates, each of which specializes in insuring a particular type of risk.

Explanation:

Lloyd's of London is a British insurance market.  In this market, there are few individuals and organizations who join as members and they are called as syndicates. They primarily work as intermediates between the clients and the actual insurance companies in London.

These syndicates are extremely good in risk analysis and guide various organization, individuals accordingly. This is also known Lloyd’s and is also one most famous group in the world  

Answer 2

Answer:

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Explanation:

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