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.A. Reciprocal insurers
B. Risk retention insurers
C. Lloyds of London
D. Self insurersE. Syndicates

Answer 1

Answer:

E. Syndicates

Explanation:

Syndicates in dictionary meaning is a group of people working for a common perspective that means aiming for a common goal.

Llyod's of London also has a group of individuals, and each group is called a syndicate, which basically has a variety of syndicates serving different perspectives of underwriters towards various forms of securities.

Each Syndicate consisting different individuals work together for accomplishing various goals as decided by the syndicate jointly.