Name

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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.
References in periodicals archive ?
Mr Brown named the day in Downing Street after returning from Buckingham Palace, where he formally asked the Queen to grant a dissolution of Parliament.
The royal wedding in April has ruled out that month, and although Mr Blair has not yet done what Prince Charles has and named the day, we are certain it will be May 5, so we have stopped taking bets for that.
Jack's even named the day - May 26, 2006 - and the consultation hasn't even started yet.