Lloyd's: Law and Practice, 2nd Edition

Author: Julian Burling
Publisher: Informa Publishing
ISBN: 9781138678804
Published In: July 2026
Format: Hardback , 588 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 4,062.50

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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.
1. Overview of operation of current Lloyd’s market 2. Historical introduction: 1688-2009 3. Lloyd’s 4. Membership of Lloyd’s 5. Regulation of Lloyd’s Market under FSMA 6. Syndicate structure 7. Managing agents 8. Members’ Agents 9. Lloyd’s brokers 10. Placing/accepting insurance business at Lloyd’s 11. Claims process at Lloyd’s 12. Prudential supervision of underwriting at Lloyd’s 13. Capital Requirements 14. Financial resources at Lloyd’s (1): syndicate level 15. Financial resources at Lloyd’s (2): member level - "Funds at Lloyd’s" 16. Financial resources at Lloyd’s (3): the Central Fund and other central assets 17. Solvency Test 18. Accounts and Reporting 19. FSMA Part VII: insurance business transfers to or from members of Lloyd’s 20. Insurers (Reorganisation and Winding Up) (Lloyd’s ) Regulations 2005 21. Enforcement 22. Dispute resolution 23. Regulation of 24. embers of Lloyd’s overseas 25. Agency Department 26. Lloyd’s subsidiaries 27. Reconstruction and Renewal (1990-6) and Equitas
Julian Burling is a barrister at Serle Court, and has been involved in advising on and implementing nearly all significant legal developments at Lloyd’s in the last 25 years.