Concerns about names

• One could think of these as operating like mutual funds, where the fund invests in a broad array of syndicates to diversify the risk to the individual names investing in the MAPA. One advantage of a MAPA is to allow names to participate with funds-at- Lloyd's-to-premium ratios of 25%. For 1994, over 12,000 names underwrote via the MAPA route. In 1996, MAPAs provided about 25% of Lloyd's capacity, compared to about 45% for bespoke names and 30% from corporate.

Previous slide

Next slide

Back to first slide

View graphic version