General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe.
In the United Kingdom, insurance is broadly divided into three areas: personal lines, commercial lines and London market.
General insurance can be categorised in to following:
The London market insures large commercial risks such as supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, P&I Clubs, brokers and other companies that are typically physically located in the City of London. Lloyd’s of London is a big participant in this market.The London market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance.