A member of one or more syndicates at Lloyd's providing insurance. A name contributes limited cash when joining a syndicate, and accepts unlimited liability for its obligations. Members share in the profits or losses of syndicates in proportion to the cash they have put in, but are liable for all losses if other members cannot pay. Traditionally, it was assumed that people would only become Lloyd's names if they could afford to lose large amounts. In recent years large losses by some syndicates have led to calls for cash from names. These calls have led to widespread hardship among names who have paid, and extensive litigation involving names who have refused to pay.