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Association of Lloyd's Members

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Association of Lloyd's Members
An association of wealthy individuals who provide a great deal of capital that underwrites the activities of Lloyd's of London. For most of Lloyd's centuries-long history, these individuals (known as Names), had unlimited liability for any losses associated with being a Name. Lloyd's introduced Names with limited liability in 1994, and these have become increasingly important. The ALM provides a forum in which Names can voice ideas and lobby on behalf of Lloyd's.


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When Lloyd's Chairman Peter Levene appeared before the recent conference of the Association of Lloyd's Members, he told them their"commitment to Lloyd's is as valued as it is vital.
Individual investors, under a group called the Association of Lloyd's Members, resisted the changes being called for until the very day of the vote.
But the Association of Lloyd's Members (ALM) said that, while it supported elements of the reforms, it was concerned about the threat to the Lloyd's Act and fears it could pave the way for changes.
 
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