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Categories
Membership Categories
Category A - Individual Underwriting Membership: for individual external and working members underwriting in 2015 or beyond, including those participating through Limited Liability Partnerships (LLPs), Scottish Limited Partnerships(SLPs), NameCos, Collective Conversion Schemes or other limited liability vehicles. Prospective individual members of Lloyd’s would also be admitted in this category.
- such members will receive all ALM publications and services, including ALM News
- includes joint membership where one or both spouse members will be underwriting in 2015 or may consider underwriting in future
Category B - Individual Run-Off Membership: for non-underwriting or resigned members, including LLPs, SLPs and NameCos, who will not underwrite after 31st December 2014, but who will continue to have naturally open or run-off accounts thereafter.
- members who are underwriting for the 2015 account are not permitted to be Category B
- members will receive all publications except for Lloyd’s Market Results and Prospects 2015
- includes joint membership where neither spouse member will be underwriting in 2015
Category FM – Family Member: category only available to sons/daughters whose only participation at Lloyd’s is through the underwriting vehicles (LLPs, SLPs or NameCos) of their Category A parent members.
- such members will receive all publications
Category AS - Associate Membership: for individuals who are not members of Lloyd’s but who are otherwise interested in Lloyd’s, such as accountants, lawyers, consultants and other professional advisers.
- this category has no voting rights under the Company’s Articles of Association
Category CM - Corporate Member: for members and managing agents and for corporate members underwriting through a spread vehicle and designated as non-aligned capital.
- such members will receive all publications
- this category has no voting rights under the Company’s Articles of Association
- such members are admitted on application and membership is subject to the Board’s discretion. Subscription rate agreed by negotiation
Subscription Rates
Year 2015 Subscription Rates
A proportion of relevant subscriptions includes VAT as appropriate (ALM VAT Reg No. 429 621 347)
| Residence | Category A | After 45% tax | Category B | After 45% tax | Category AS |
| UK/EU (by cheque) | £570 | £313.50 | £130 | £71.50 | £1,200 |
| UK/EU (by Direct Debit) | £555 | £305.25 | £115 | £63.25 | £1,100 |
| Non Europe (by cheque) | £585 (US$920) | £321.75 | £135 (US$210) | £74.25 | £1,200 (US$1,885) |
| Non Europe (by Direct Debit - UK banks only) | £570 (US$895) | £313.50 | £120 (US$190) | £66 | £1,100 (US$1,725) |
| Qualifying FM members (UK/EU) | £50 | £27.50 | N/A | N/A | N/A |
| Qualifying FM members (non EU) | £65 (US$100) | £35.75 | N/A | N/A | N/A |
Note: 45% is planned to be the top rate of UK tax for 2015/16. Many will pay less.
