There are three types of Agent. Managing Agents, for example Hiscox, are responsible for all aspects of running Lloyd's Syndicates. Member's Agents advise individual Members of Lloyd's on their underwriting commitments and provide a link between them and their Syndicates. Licensed Lloyd's advisers perform a similar function on behalf of Corporate Members. Lloyd's Agents, the 'eyes and ears' of Lloyd's, provide worldwide shipping information and assist Underwriters in the settlement of Claims.