MANAGEMENT

Detailed explanation-1: -A Lloyd’s underwriter is a person who determines premiums, terms, and conditions for insurance policies underwritten by Lloyd’s syndicates.

Detailed explanation-2: -The capital to underwrite policies is provided by members of Lloyd’s . This capital is backed by many of the world’s major insurance groups, listed companies, individuals and limited partnerships, with corporate groups providing the majority of the capital for the Lloyd’s market.

Detailed explanation-3: -In London, brokers bring risks to the underwriters in the Lloyd’s market on behalf of clients. These brokers are registered by Lloyd’s and use their specialist knowledge to locate the best underwriters and negotiate competitive terms and conditions on behalf of their clients.

Detailed explanation-4: -Lloyd’s ratings All Lloyd’s syndicates benefit from Lloyd’s central resources, including the Lloyd’s brand, its global licences and the Central Fund.