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.
References in periodicals archive ?
Michael Deeny, chairman of the Association of Lloyd's Members, said the United Names suit is merely a final desperate attempt by debt-ridden Names to avoid any responsibility for genuine losses.
Anthony Young, chief executive of the Association of Lloyd's Members.
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