This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of … London are grouped into Syndicates in order to undertake insurance liabilities. In this study, the Syndicate is regarded as … the counterpart of an insurance company in a regular insurance market. The analysis covers a period of eight years between …

suffered from significant inefficiencies. In this work, we estimate the intermediation-type efficiency of individual banks, and … analyse how various bank-specific factors (e.g., type of ownership, regional aspects, level of risk as per Basel Accords …