1924 City of London by-election 1924 City of London by-election The City of London by-election, 1924 was a parliamentary by-election held on 1 February 1924 for the British House of Commons constituency of City of London, which covered the "Square Mile" which was the United Kingdom's traditional financial district. The seat had become vacant on the elevation to the peerage of one of the constituency's two Conservative Members of Parliament (MPs), Sir Frederick Banbury, as Baron Banbury of Southam. Banbury had held the seat since a 1906 by-election, following his defeat at Peckham in the 1906 general election. He had represented Peckham since 1892. The
Lloyd's of London Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, United Kingdom. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament and operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, 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 business underwritten at Lloyd's is