517 Lloyd’s “names” failed a solvency test.

A record number of individual investors in the London insurance market, each of whom has unlimited liability for claims, lacked the required $134,000 in readily realizable assets, Lloyd’s Chief Executive Ian Hay Davison said. The total included 325 members of troubled insurance syndicates formerly managed by the PCW underwriting agency, whose members face losses of $174.2 million. As many of half of these, a spokesman said, may have failed the test as a protest against Lloyd’s refusal to suspend its liability rules.