What significant change occurred for Lloyds in the U.S. market post-1865?

The significant change that occurred for Lloyds in the U.S. market post-1865 was their initiation of writing U.S. Non-Marine Business. This development marked a pivotal moment for Lloyds, as it expanded their scope beyond traditional maritime insurance. Historically, Lloyds had focused primarily on marine underwriting, which was central to their operations. However, after 1865, they recognized the potential and demand for insurance products covering various non-marine risks such as property, liability, and other forms of insurance applicable to businesses and individuals on land.

This expansion allowed Lloyds to tap into a broader market, diversifying their offerings and increasing their presence in the U.S. insurance landscape. The move into non-marine business was a strategic response to changing market conditions and the evolving needs of American clients, demonstrating Lloyds' adaptability and commitment to growth in the insurance sector. This shift laid the groundwork for Lloyds to continue developing and diversifying their product lines in the following years.