A Lloyd’s member is either a name or a corporate member who supplies the capital to underwrite risks at Lloyd’s. They delegate the underwriting of business to managing agents and members’ agents provide a link with syndicates. New names are no longer admitted and by 2005 remaining names should have converted to limited liability. Each member maintains funds at Lloyd’s. The integrated Lloyd’s vehicle (ILV) is the principal route for new capital. Names now operate mainly through members’ agents pooling arrangements (MAPA). Corporate members include companies, investment institutions and international insurance companies, and Scottish limited partnerships. See MEMBERS’ ANNUAL SOLVENCY TEST.