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Name A wealthy individual who provides a great deal of capital that underwrites the activities of Lloyd's of London. Names spread risk of insurance among themselves along with corporations. For most of Lloyd's centuries-long history, names had unlimited liability for any losses associated with being a name. Lloyd's introduced names with limited liability in 1994, and they have become increasingly important. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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