Embracing the Past: A Brief History of Lloyd’s of London


In this episode host Paul Martin, CPCU talks with Lloyd’s of London Archivist Victoria Lane and Hank Watkins President of Lloyd’s America. 

Paul, Victoria, and Hank discuss topics like the origins of Lloyd’s of London, the present and past organizational structure of the company, and discuss making amends for insuring slave ships in the past. 

Did you know that in 1904, Lloyd’s was the pioneer in the field of personal auto policies? Because words had not been developed to describe automobiles at the time, they were referred to as “a ship traveling on land”! 

Tune in to learn more & check out more episodes here 

Interested In The History of Insurance?

A Tedious, Brief History of Insurance examines the origins of many insurance coverages, insuring mechanisms, insurance laws and regulations, insurance customs and practices, and—just for fun—some of the less-proud moments in the insurance world.

Lloyd’s of London, also known as Lloyd’s, is a London, England-based insurance and reinsurance market. Lloyd’s, unlike the majority of its competitors in the business, is a corporate entity governed by the Lloyd’s Act of 1871 and subsequent Acts of Parliament.

Victoria Lane is Lloyd’s Archivist. She manages Lloyd’s Collection of around 10,000 objects and is working on research projects to understand the links of Lloyd’s market to the historic Transatlantic slave trade through the Collection: The transatlantic slave trade. Prior to coming to Lloyd’s, she worked at Shakespeare’s Globe and ran a consultancy in art archives with Judy Vaknin, working with artists and cultural organizations on their heritage and memory. She has mainly worked in the arts sector including at Tate and the Henry Moore Institute in Leeds, is an oral history interviewer for the British Library’s National Life Story Collection and has co-edited the bookAll This Stuff: Archiving the Artist.

Hank Watkins is the regional director & president of the Americas region for Lloyd’s. With 62% of Lloyd’s global premium in 2021, the Americas is Lloyd’s largest market for insurance (E&S in the US) and reinsurance. In addition to market development, Lloyd’s colleagues in the Americas provide claims, regulatory, and media relations support to the syndicate writing business in the region. Over the past 40 years, Hank has held a range of underwriting, client management, and leadership positions in the United States and Europe at Chubb, Marsh, HRH, and Lloyd’s. Hank received his BA from the University of California, Berkeley, and has completed an executive leadership program at The Wharton School.  He’s a member of the Board of Overseers at the Hank Greenberg School of Risk Management at St. John’s University and is on the boards of BritishAmerican Business, the Insurance Industry Charitable Foundation (Chair, Board of Governors) and the Insurance Federation of New York.

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