Lloyd's Name

noun
British INSURANCE = titre réservé aux membres investissant leur fortune personnelle dans la compagnie d'assurances Lloyd's et s'engageant à avoir une responsabilité illimitée en cas de sinistre

The number of Lloyd's Names has fallen from its 35,000 peak to just 12,500 - although only 2,490 of them participated in the last underwriting year. Their numbers dropped off dramatically after 1996 when a rescue package was introduced for Lloyd's at a time when many Names faced personal ruin following £8bn of asbestos-related claims.


English-French business dictionary. 2013.

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