Funds at Lloyd's

Each member of Lloyd's is required to provide capital as security to support their total Lloyd's underwriting business. This is known as Funds at Lloyd's. The level of Funds at Lloyd's determines the amount of insurance business a member can underwrite.

The amount of funds required from members will vary, depending on the perceived level of risk in the business which they underwrite. This is known as "enhanced capital requirement" or ECR.


Graph showing the changing funds at Lloyd's from January 2003 to December 2008.

During each year the aggregate value of Funds at Lloyd's follow a reasonably predictable cycle, as a result of the practical process of adjusting individual members' funds to the changing shape of their underwriting business.

Source for all figures: Lloyd's Market Services, January 2009.

Last updated on 22 Jan 2009