underwriting agent

The active business of a syndicate is run by underwriting agents.

Litigation followed in which the names sued the people running the underwriting agents for negligent management of the investment fund.

The underwriting agent reported a 30pc fall for the six months to March 31, dropping to £2.6m from £3.7m in the same period last year.

Registration for underwriting agents should be the same as the SIB 'fit and proper' test.

John Gordon, chairman of the Lloyd's Underwriting Agents Association said his members welcomed the move.

Camberford Law established in 1958 is a Lloyd's-listed broker, an independent financial adviser and underwriting agent.

He is Chairman of Starr Underwriting Agents Limited.

These recoveries would, in the normal way, be retained by Names' underwriting agents to be available to discharge Names' liabilities to their policyholders.

He had been the managing director of R. W. Sturge & Company, a big Lloyd's underwriting agent.

Mr Henderson was one of the names and Merrett Syndicates Ltd was one of the underwriting agents.

It was accepted that the underwriting agents had a duty to exercise due care and skill (see for instance, s 13 Supply of Goods and Services Act 1982).

He is a non-executive director of CV Starr Underwriting Agents and IMG, the international sports marketing group.

P.C.W. was a Lloyd's underwriting agent formed in 1967 by Peter Dixon and Peter Cameron-Webb.

On the other hand, in Coughlan the Court of Appeal cited the following passage from R. v. Inland Revenue Commissioners, ex parte MFK Underwriting Agents Ltd. (1990):

Peter Keith Levene, Baron Levene of Portsoken, KBE (born 8 December 1941) is chairman of Starr Underwriting Agents Limited and was Lord Mayor of London 1998 to 1999.

That is a demand that will not even be considered, because it would mean the end of Lloyd's as it exists, said John Gordon, chairman of Sedgwick Lloyd's Underwriting Agents and head of the Lloyd's Underwriting Association.

These include its "names," the more than 31,000 people who put up the capital backing Lloyd's policies; its 250 underwriting agents, who head the more than 400 underwriting syndicates to which the names belong, and the 263 brokerages, which enjoy a virtual monopoly on bringing business to Lloyd's.