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The Exchange Building

Buildings and structures in the London Borough of Tower HamletsCommercial Street, LondonEmporis template using building IDResidential buildings completed in 2000
Exchange Building (London)
Exchange Building (London)

The Exchange Building is a residential building in London named after the original purpose of the building, which was to be a Telephone Exchange for British Telecom. In the end BT never used the building instead using a building immediately behind in Jerome St - 1928 by the Office of Works. The Exchange Building is located on the A1202 Inner London Arterial Ring Road at 132 Commercial Street in Tower Hamlets. The Exchange Building stands opposite the Peabody building and is 20 metres (66 ft) tall, with 8 storeys. The building features the original metal and glass window design, which was intended to resemble the original Telephone Exchange style, with residential flats on each floor. The Exchange Building benefits from 24-hour porters as well as an underground car park.

Excerpt from the Wikipedia article The Exchange Building (License: CC BY-SA 3.0, Authors, Images).

The Exchange Building
Lime Street, City of London

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Wikipedia: The Exchange BuildingContinue reading on Wikipedia

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N 51.5129 ° E -0.0815 °
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Willis Towers Watson

Lime Street 51
EC3M 7DQ City of London
England, United Kingdom
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Exchange Building (London)
Exchange Building (London)
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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.