London Calling - A Beginner’s Guide to the London Insurance Market

Introduction

The London insurance market is probably the most important single market for commercial insurance and reinsurance business in the world and the leading market for internationally traded insurance and reinsurance business. It is the only place where all of the world's 20 largest international insurance and reinsurance companies are active. More than 40% of the world's marine, aviation, and energy premium is underwritten in the London market but the market provides protection for a full range of risk including new perils such as AI, cyber, supply chain management, and political risk.

The London market is also home to the world-famous Society of Lloyd's; a unique forum for the buying and selling of insurance with a reputation for tackling innovative and unusual risks.

This webinar is relevant to all junior lawyers and financial service professionals who are interested in learning about the London insurance market.

What You Will Learn

This short webinar will cover the following:

• The structure of the London market and its division into the 'Companies Market' and the Lloyd's market
• The role of the International Underwriting Association and the Lloyd's Market Association
• The unique syndicate structure of the Lloyd's market and the practical and legal consequences that follow
• The 'slip' system for underwriting risks
• Subscription markets which allow multiple underwriters to participate on the same insurance risk; the role of the 'leading underwriter' and 'following underwriters' and the legal and contractual consequences
• The role of the broker
• Unique claims settlement schemes in the London market

This pre-recorded webinar will be available to view from Monday 30th March 2026

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.