Academic Research on Lloyds of London

Reinsurance trading in Lloyd's of London: Balancing conflicting-yet-complementary logics in practice, Smets, M., Jarzabkowski, P., Burke, G. T., & Spee, P. (2015). Academy of Management Journal, 58(3), 932-970. After studying the individual cultures of reinsurance trading in Lloyds marketplace, this paper contributes to the present discussions regarding institutional complexity by moving the focus away from static responses to the complexity. The authors identify three mechanisms of balance, which are demarcating, bridging, and segmenting. These allow people to control competing logics. The paper also uses a theoretical model to integrate the mechanisms, which offers an explanation as to how individuals can constantly keep coexisting logics. The writers focus on a still existing context of institutional complexity shows how it can be customarily enacted within practice every day. The costs and benefits of increased accounting regulation: a case study of Lloyd's of London. Gwilliam, D., Macve, R., & Meeks, G. (2005). Accounting and Business Research, 35(2), 129-146. There are beneficial documents with theoretical study in the cost-benefit analysis of accounting management but there is not really any literature with an analysis of the costs and benefits regarding changes in accounting regulation. This paper tries to provide this analysis for modification in audit and accounting regulation at Lloyds of London between 1982 and 1985. The goals of this paper are to improve the cost-benefit analysis methodology and tell of debate regarding how Lloyds market is evolving. Regulatory Crisis at Lloyd's of London: Reform from within, Kelley, I. (1994). Fordham Int'l LJ, 18, 1924. Lloyds of London is the most famous market for insurance in the world. For 300 years it has been held as the safest place for risk insurance. Lloyds has grown immensely from its humble starts in a coffee shop and is a worldwide marketplace for refined reinsurance and insurance activity. Lloyd's of London and the Problem with Federal Diversity Jurisdiction, Tollin, H. M., & Deckman, M. (1999). J. Transnat'l L. & Pol'y, 9, 289. The authors discuss federal jurisdiction and the names of Lloyds. They also talk about different ways to establish diversity jurisdiction by dismissing non-diverse names and applying the trust analysis. Insurance Exchange for the Americas: Florida's Answer to Lloyd's of London and the New York Insurance Exchange, An, Herzog, J. (1980). Fla. BJ, 54, 684. Lloyds has been a success by being a place for underwriting insurance. By 1978, the market had 14,000 investors. Due to the success of Lloyds, Americans are wondering why they cant have something similar. Florida is trying to develop a similar operation. Florida passes enabling legislation for Florida Insurance Exchange in 1979. In 1980, bylaws and constitution were approved for the prospective Insurance Exchange of the Americas, Inc. The Florida Act of 1979 is almost identical to the New York Insurance Exchange Act, including the constitution and bylaws. Financial control in the financial services industry: The case of Lloyd's of London, Gwilliam, D., Hoskin, K., & Macve, R. (1992). In Perspectives on Financial Control (pp. 203-231). Springer, Boston, MA. In the last ten years, UK financial institutions have seen regulation changes to boost competition and improve liability to capital providers and clients. The framework was enforced by the Financial Services Act 1986 and also by related laws for individual financial sectors. Adequate financial reporting and financial controls are significant. Lloyd's of London and Problems Arising By Reason of its Business in this Country, Kuvin, H. A. (1954). Ins. LJ, 406. This article discusses the transaction by Lloyds underwriters with the United States. However, the author will demonstrate with full clarity that the underwriters of Lloyds of London do not write reinsurance or insurance in the United States. Lloyd's of London and Diversity Jurisdiction: Analyzing the Citizenship of a Unique Organization, Beauchesne, M. C. (1999). Roger Williams UL Rev., 5, 217. This paper begins by explaining the 28 U.S.C. section 1332 which provides the guidelines for the district court to correctly obtain original jurisdiction contingent on the diversity of citizenship. Lloyd's of London dramatically lowers its flood insurance rates in Florida, Harrington, J., & Martin, S. T. (2014). Tampa Bay Times. Lloyds of London and other insurers have moved into the market because of the rate increases under the National Flood Insurance Program. Because Lloyds expanded into other states, the risk was lesser than from any single storm, which made it possible to significantly lower flood rates.