The London Market is a distinct, separate part of the U.K. insurance and reinsurance industry centered in the City of London. Its main participants are insurance and reinsurance companies, Lloyd's of London syndicates, Marine Protection and Indemnity Clubs (P&I Clubs), and brokers who handle most of the business. The core of its activity is the conduct of internationally traded insurance and reinsurance business. This is mostly non-life insurance and reinsurance, particularly marine and ...