What’s in a Name? Not much, says Lloyd’s
While news reports last week suggested the number of private investors in Lloyd’s – better known as Names – has grown in recent months, official figures released by the market show the number actually fell 15% in January.
There were 907 members at the end of 2008 but there are now just 773.
“A large majority of the remaining members of Lloyd’s are not actively underwriting any more,” a Lloyd’s statement said. “However, they must remain members of Lloyd’s until all their liabilities have been quantified and reinsured to close.”
There were 907 members at the end of 2008 but there are now just 773.
“A large majority of the remaining members of Lloyd’s are not actively underwriting any more,” a Lloyd’s statement said. “However, they must remain members of Lloyd’s until all their liabilities have been quantified and reinsured to close.”