A Lloyd’s corporate member that participates on one or more syndicates managed by a single managing agent (or managing agent group). It enables the corporate member to back the skills of a particular underwriter or managing agent and to participate in a class or classes of business.
***
A corporate member that only participates on one or more syndicates that are managed by the same managing agent or group of managing agents. The term is often used interchangeably with the expression aligned member.