Editing Syndicate (section)

===The UK-based Lloyd's of London insurance exchange model===

Some insurance markets such as [[Lloyd's of London]] provide insurance coverage underwritten by syndicates of investors who bear the full liability for meeting the costs of any claims. Each member of the syndicate has several liability  which is a full and unfettered liability for the costs and expenses for the consequences of the underwriting entered into by the syndicate.<ref>{{cite web|url=https://www.lloyds.com/common/help/glossary|publisher=Lloyd's of London|title=Glossary - Several liability|access-date=4 November 2017|archive-date=13 December 2016|archive-url=https://web.archive.org/web/20161213101437/http://www.lloyds.com/Common/Help/Glossary|url-status=live}}</ref>