What are public limited companies who underwrite business within the Lloyd's market otherwise known as?

Public limited companies that underwrite business within the Lloyd's market are known as underwriting names. This terminology refers to the specific entities within the Lloyd's system that take on the financial risk by underwriting insurance policies. Underwriting names can be individuals or corporate entities that participate in underwriting at Lloyd's, thus allowing them to share in the risk and profit derived from the policies they insure.

In the context of the Lloyd's market, the term 'underwriting names' highlights the role of these parties as contributors to the insurance process, specifically in accepting and managing risk. This differentiation is crucial, as it helps clarify the various roles within Lloyd's, distinguishing between those who act purely as investors or capital providers and those actively engaging in underwriting practices.

Other terms such as corporate names, Lloyd's syndicates, and managing agents describe different aspects or roles within the Lloyd's structure, but they do not accurately designate the public limited companies that directly underwrite business. Corporate names refer to the formal names of corporate entities involved; Lloyd's syndicates are the groups formed by individuals or entities to underwrite, while managing agents are responsible for managing the syndicates. Hence, the correct terminology for public limited companies that underwrite within this market is 'underwriting names' as