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Lime Street (ward)

Use British English from November 2014Wards of the City of London
City of London, Ward of Lime Street
City of London, Ward of Lime Street

Lime Street is one of the 25 ancient wards of the City of London. It is divided into four precincts; and it is worthy a remark that, though the ward includes parts of several parishes, there is not even a whole street in it. (John Noorthhouck, 1773) It takes its name from the production of lime in the vicinity during medieval times. It is bounded to the north by Camomile Street, the division with Bishopsgate ward, before travelling due south along its eastern extremity, St. Mary Axe (which separates it from Aldgate ward), then south-west to the southernmost point of the ward (where Lime Street itself makes a small peninsula into Langbourn ward), cutting through Leadenhall Market and from there northwards up Gracechurch Street with the ward of Cornhill to the west. Just outside the ward boundary to the east is St Ethelburga's Bishopsgate, bombed by the IRA in 1993 and restored through generous donations, such as that provided by the Lime Street Ward Club.A well organised ward, it has a long association with the insurance industry, with the specialist market Lloyd's of London based within its boundaries at the Lloyd's building. Three major construction projects — The Pinnacle, the Leadenhall Building and 100 Bishopsgate — are within the boundaries of the ward, and these skyscrapers will dramatically increase the number of workers in the 2010s.

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Lime Street (ward)
Lime Street, City of London

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N 51.513 ° E -0.082 °
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Lloyd's of London

Lime Street 1
EC3M 7HA City of London
England, United Kingdom
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City of London, Ward of Lime Street
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Lloyd's of London
Lloyd's of London

Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, United Kingdom. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life assurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in c. 1686. Today, it has a dedicated building on Lime Street within which business is transacted at each syndicate's "box" in the underwriting "Room", with the insurance policy documentation being known traditionally as a "slip".The market's motto is Fidentia, Latin for "confidence", and it is closely associated with the Latin phrase uberrima fides, or "utmost good faith", representing the relationship between underwriters and brokers.Having survived multiple scandals and significant challenges through the second half of the 20th century, most notably the asbestosis affair, Lloyd's today promotes its strong financial "chain of security" available to promptly pay all valid claims. As of 2019 this chain consisted of £52.8 billion of syndicate-level assets, £27.6bn of members' "funds at Lloyd's" and over £4.4bn in a third mutual link which includes the Central Fund.In 2020 there were 76 syndicates managed by 50 managing agencies that collectively wrote £35.5bn of gross premiums on risks placed by 350 brokers. Of those premiums 53 per cent emanated from North America, 27 per cent from Europe and 20 per cent from the rest of the world. Direct insurance represented 65 per cent of the premiums, mostly covering property and casualty (liability), while the remaining 35 per cent was reinsurance.

St Helen's (skyscraper)
St Helen's (skyscraper)

St Helen's (previously known as the Aviva Tower or the Commercial Union building) is a commercial skyscraper in London, United Kingdom. It is 118 metres (387 ft) tall and has 23 floors. The postal address is No. 1, Undershaft, though the main entrance fronts onto Leadenhall Street, in the City of London financial district. The building was designed by the Gollins Melvin Ward Partnership in the international style: the stark rectilinear geometry and detailing of the building was influenced by Ludwig Mies van der Rohe and is somewhat reminiscent of his Seagram Building in New York City. It was built by Taylor Woodrow Construction as one of only four high-rise buildings in London using a top-down engineering design where the lower office floors are suspended from above rather than supported from below.In 1992, the building was heavily damaged in the Baltic Exchange bombing carried out by the Provisional IRA, as a result of which it was substantially renovated. The building was sold in 2003 by the Abu Dhabi Investment Authority to property developer Simon Halabi. In 2007, it was reported that Halabi was considering plans to demolish the building and replace it with a much taller tower, but this plan was not fulfilled. In 2011, it was reported that the building had been sold to an undisclosed Far Eastern private investor for £288 million. Plans for the site submitted in February 2016 feature a 310 m-tall 72-floor tower largely given to office space. In November 2016, planning permission was granted for the Trellis Tower, which will house up to 10,000 workers and which, upon completion, will be the tallest building in the City of London and the second tallest building in the UK, after The Shard.