Lloyd's, the name of subscription rooms on the first floor of the London exchange, where merchants, shippers, and underwriters attend to obtain shipping intelligence, and where the business of marine insurance is carried on.

One large room with small rooms attached to it is occupied by the underwriters, the object of whose association is to limit the interest of every individual underwriter to a moderate amount, say £50, £100, or £150, rarely exceeding £200; so that in case of casualties the loss, instead of falling upon one, is divided among hundreds. The underwriters of Lloyd's have agents in all parts of the world to report casualties and to attend to their interests. Their affairs are managed by a committee of 12 members; the chairman is elected annually. Another large room, called the merchants' room, is provided with newspapers from all parts of the world, and open to subscribers, who for the use of this room alone have to pay two guineas, and for the whole establishment four guineas annually. The third room is called the captains' room, to which a bar is attached, where captains and merchants meet in a more social manner, and where ship auctions are held. In 1710 the association commenced the publication of a weekly journal known as "Lloyd's List." Since 1800 it has appeared daily, and always contains the latest shipping intelligence. - This use of the name Lloyd or Lloyd's arose from the circumstance that the headquarters of the London underwriters were originally in Lloyd's coffee house; it has now become a generic term for similar associations in many parts of Europe. The Trieste or Austrian Lloyd's was established in that city in 1823 by C. L. von Bruck, who afterward became minister and baron.

At first it was devoted to the insurance business, and subsequently it also became the agency of steamers to the Levant and the Mediterranean, and other parts of the world. In 1849 a third department was connected with it, embracing literature and art, with the aid of lecture and reading rooms, and a printing and publishing establishment. The organ of this institution is the Giornale del Lloyd austriaco, which in 1874 was in its 40th year. Next in importance to this is the North German Lloyd's (Norddeutsclier Lloyd) at Bremen, chiefly in connection with emigration to the United States and transatlantic steamers.