Lloyd's underwriter

Lloyd's underwriter
A person who is an underwriting member of Lloyd's of London subscribing to Lloyd's policies. He will have satisfied the Council of Lloyd's as being a fit and proper person to be a member of Lloyd's and also have undergone a stringent enquiry into personal wealth. A substantial Lloyd's deposit will then be made and various trustees arrangements entered into. Throughout the period of membership the whole of a Lloyd's underwriter's personal assets are at risk as his liability is unlimited.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Lloyd's underwriter — UK US noun [C] ► INSURANCE someone working for Lloyd s of London whose job is to decide whether they can offer insurance against a particular risk and how much to charge for that insurance …   Financial and business terms

  • Lloyd's underwriter — See Lloyd s …   Big dictionary of business and management

  • Lloyd’s underwriter — /lɔɪdz ʌndəraɪtə/ noun a member of an insurance group at Lloyd’s who accepts to underwrite insurances …   Dictionary of banking and finance

  • Lloyd's — Lloyd s,   Abkürzung für Corporation of Lloyd s [kɔːpə reɪʃn ɔf lɔɪdz], Vereinigung von privaten Einzelversicherern (Underwriter) in Großbritannien mit Sitz in London; benannt nach Edward Lloyd (* um 1688, ✝ 1713), dessen Londoner Kaffeehaus seit …   Universal-Lexikon

  • Lloyd's — [lɔɪdz] noun INSURANCE ORGANIZATIONS an insurance market based in London where member S (= specialized people and companies) insure the risks of financial, manufacturing, shipping, oil, and other organizations. Each group of members is… …   Financial and business terms

  • Lloyd's — /loydz/, n. an association of independent English insurance underwriters, founded in London about 1688, originally engaged in underwriting only marine risks but now also issuing policies on almost every type of insurance. [named after Edward… …   Universalium

  • Underwriter (Versicherungswesen) — Ein Underwriter ist ein Mitarbeiter eines Erst oder Rückversicherers, der für seine Versicherungsgesellschaft Risiken zeichnet, soll heißen Versicherungsverträge abschließt. Dieser Vorgang wird Underwriting genannt. Im standardisierten… …   Deutsch Wikipedia

  • Underwriter — Un|der|wri|ter 〈[ʌ̣ndəraıtə(r)] m. 3; Wirtsch.〉 ein Unternehmen (Finanzinstitut, Makler) in Großbritannien, das sich verpflichtet, bei nicht vollständiger Absetzung einer Emission den Restbestand selbst zu übernehmen [engl., eigtl.… …   Universal-Lexikon

  • Lloyd's — Vereinigung von Privatpersonen (members oder names) und juristischen Personen, die Versicherungen zeichnen; Sitz: London. Die Corporation of Lloyd s, 1871 durch Gesetz gegründet (Ursprung im 17. Jh.), überwacht die Zulassung und Solvenz ihrer… …   Lexikon der Economics

  • underwriter — 1) A person who examines a risk, decides whether or not it can be insured, and, if it can, works out the premium to be charged, usually on the basis of the frequency of past claims for similar risks. Underwriters are either employed by insurance… …   Accounting dictionary

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