What type of market is Lloyd's of London classified as?

Lloyd's of London is classified as an international market because it operates on a global scale, providing insurance and reinsurance solutions to clients around the world. It is not confined to a single geographic area or country, which differentiates it from domestic, regional, or local markets. As an international marketplace, Lloyd's facilitates transactions between various insurers and reinsurers, covering a wide array of risks across multiple industries and regions. This global presence allows it to attract capital and serve diverse clients, making it a key player in the international insurance arena.