What Does Members of Lloyds of London Mean?

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What does Members of Lloyds of London mean? Read on to discover the definition & meaning of the term Members of Lloyds of London - to help you better understand the language used in insurance policies.

Members of Lloyds of London

Members of Lloyds of London

Persons who have pledged their entire financial estate against the acceptance of risk underwritten by them or their underwriting representatives (underwriters) at Lloyd's. These individuals, also known as "names," are usually organized into groups called "syndicates."

We hope the you have a better understanding of the meaning of Members of Lloyds of London.

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