Editing Lloyd's of London (section)

====Members====
For most of Lloyd's history, rich individuals known as Names backed policies written at Lloyd's with all of their personal wealth and took on unlimited liability. Since 1994, Lloyd's has allowed corporate members into the market, with [[limited liability]]. The asbestosis losses in the early 1990s devastated the finances of many Names: upwards of 1,500 out of 34,000 Names (4.4 per cent) were declared bankrupt. This scared away other potential Names. In 2011 individual Names provide only 11 per cent of capacity at Lloyd's, with UK-listed and other corporate members providing 30 per cent and the remainder via the international insurance industry.<ref name=lloydspub>{{cite web |url=http://www.lloyds.com/~/media/Files/Lloyds/Investor%20Relations/2011/Annual%20results/Documents/AR2011_Lloyds_2011_Annual_Report.pdf |title=Lloyd's Annual Results 2011 |publisher=Lloyd's of London |date=31 December 2011 |access-date=28 September 2012 |archive-date=14 January 2013 |archive-url=https://web.archive.org/web/20130114174406/http://www.lloyds.com/~/media/Files/Lloyds/Investor%20Relations/2011/Annual%20results/Documents/AR2011_Lloyds_2011_Annual_Report.pdf |url-status=dead }}</ref> 

No new Names with unlimited liability are admitted, and the importance of individual Names will continue to decline as they slowly withdraw, convert (generally into [[limited liability partnership]]s), or die. In 2014, Names with unlimited liability provided just 2 per cent of the overall capacity in Lloyd's.{{cn|date=September 2023}}