LLM6000 - Conversion: contents

Until 1993 all members of Lloyd’s were individuals. Since then, many have transferred their underwriting to one of a number of types of corporate body member (LLM1070). This is referred to as ‘conversion�. LLM6010 onwards explains the tax issues arising from conversion.

»Ê¹ÚÌåÓýappse types of limited liability member are also now the only means by which any new individuals can participate in the Lloyd’s market.