- published: 02 May 2012
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The Lloyd's building (sometimes known as the Inside-Out Building) is the home of the insurance institution Lloyd's of London. It is located on the former site of East India House in Lime Street, in London's main financial district, the City of London. The building is a leading example of radical Bowellism architecture in which the services for the building, such as ducts and lifts, are located on the exterior to maximise space in the interior.
Twenty-five years after completion in 1986, the building received Grade I listing in 2011; it was the youngest structure ever to obtain this status. It is said by Historic England to be "universally recognised as one of the key buildings of the modern epoch".
The first Lloyd's building (address 12 Leadenhall Street) had been built on this site in 1928. In 1958, due to expansion of the market, a new building was constructed across the road at 51 Lime Street (now the site of the Willis Building). Lloyd's now occupied the Heysham Building and the Cooper Building.
Lloyd's of London, generally known simply as Lloyd's, is an insurance market located in London's primary financial district, the City of London. Unlike most of its competitors in the industry, it is not a company but rather is a corporate body governed by the Lloyd's Act of 1871 and subsequent Acts of Parliament. Lloyd's serves as a partially mutualised marketplace within which multiple financial backers 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 insurance 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 1688. Today, it is based in a dedicated building on Lime Street, opened in 1986. Its motto is Fidentia, Latin for "confidence".
Richard George Rogers, Baron Rogers of Riverside, CH, FRIBA, FCSD, HonFREng (born 23 July 1933) is an Italian-British architect noted for his modernist and functionalist designs in high-tech architecture.
Rogers is perhaps best known for his work on the Pompidou Centre in Paris, the Lloyd's building and Millennium Dome both in London, the Senedd in Cardiff, and the European Court of Human Rights building in Strasbourg. He is a winner of the RIBA Gold Medal, the Thomas Jefferson Medal, the RIBA Stirling Prize, the Minerva Medal and Pritzker Prize.
Richard Rogers was born in Florence (Tuscany) in 1933 from Italian parents. His father, William Nino Rogers (1906-1993), was the cousin of Italian architect Ernesto Nathan Rogers. His ancestors moved from Sunderland to Venice in about 1800, then settling in Trieste, Milan and Florence. During World War II William Nino Rogers decided to come back to England. Richard went to St Johns School, Leatherhead upon moving to England, and later attended the Architectural Association School of Architecture in London, before graduating with a master's degree from the Yale School of Architecture in 1962. While studying at Yale, Rogers met fellow architecture student Norman Foster and planning student Su Brumwell. On returning to England he, Foster and Brumwell set up architectural practice as Team 4 with Wendy Cheeseman (Brumwell later married Rogers, Cheeseman married Foster). Rogers and Foster earned a reputation for what was later termed by the media high-tech architecture.