Olds v. Hosford

The following is our understanding of the capacities and relationships of the parties and several interests connected with this litigation.

1. Lloyd’s of London places with its members coverages of insurance.

2. Underwriters are those members of the group at Lloyd’s who elect to participate collectively in carrying an insurance risk.

3. H. J. Symons and Company was a Lloyd broker in London who placed the insurance coverage in this case with certain underwriter-members at Lloyd’s.

4. Pierce, Miller & Company were the representatives in the United States of the underwriters at Lloyd’s who carried…