Lloyd's: Law and Practice

The unique features of the Lloyds Corporation and Market and their governing rules are complex and are often difficult to navigate even for the most seasoned practitioner. This book provides the reader with a definitive and detailed guide, and is essential for any practitioner dealing with Lloyds Insurance. After a brief historical account, the book provides a thorough legal description and analysis of Lloyds, which includes topics ranging from the constitution and membership requirements of Lloyds, 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 Lloyds market between 1990 and 1996. The book will be an invaluable reference tool for insurance practitioners and professionals dealing with Lloyds. Julian Burling is a barrister at Serle Court, and has been involved in advising on and implementing nearly all significant legal developments at Lloyds in the last 25 years.