Members of Lloyd's of London
Term · Insurance and risk management · MLC-T-INS-002173
The individuals and corporate bodies that provide the capital to underwrite insurance risks within the Lloyd's of London market. These members, known as capital providers, group together into syndicates, which are managed by managing agents. Historically, individual members, or "Names," had unlimited personal liability for their share of a syndicate's losses, but since 1994, new members must have limited liability.
| Identifier | MLC-T-INS-002173 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002173",
"term": "Members of Lloyd's of London",
"field": "Insurance and risk management",
"definition": "The individuals and corporate bodies that provide the capital to underwrite insurance risks within the Lloyd's of London market. These members, known as capital providers, group together into syndicates, which are managed by managing agents. Historically, individual members, or \"Names,\" had unlimited personal liability for their share of a syndicate's losses, but since 1994, new members must have limited liability.",
"url": "https://mlchart.com/terminology/insurance/members-of-lloyd-s-of-london/"
}
Record 2,154 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.