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What is a Lloyds of London syndicate?

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What is a Lloyds of London syndicate?

Query is from ascot insurance subject matter

This question was addressed to me in class test.

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Correct answer for this question is: Llyod's of London is an insurance market that acts as an intermediary between clients, brokers, underwriters, and insurance companies. Members operate as syndicates to spread out the risk of different clients. The syndicates operate and specialize in specific types of risk and decide who to insure.

The title of my answer is Lloyd's of London Definition

My answer's reference is Investopedia

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