Non-Marine Committee

The Non-Marine Committee (NMC) is responsible for technical and wordings matters which reflect the full range of underwriting activity in the non-marine market.  It is supported in its activities by a number, as agreed by the NMC from time to time, of permanent Non-Marine Business Panels and (as necessary) by ad hoc Groups.

The NMC acts as the conduit for effective communication between individuals working within the Non-Marine market, with the LMA, and to monitor the progress and quality of the LMA Non-Marine Team’s activities.

The role of the committee is to facilitate and drive the following activities:

• Non-Marine Business Plan - in conjunction with the LMA Executive, to establish and supervise a planned schedule of activities and objectives on an annual basis for the LMA Non-Marine Team and to provide the LMA Non-Marine Team with input to these and other activities;

• Technical Issues - to (variously as appropriate) identify, seek views upon, consider and respond to underwriting and technical issues, particularly those referred to NMC by the LMA Underwriting and Claims Committee;

• Delegation and Co-ordination - to bring issues to the attention of, monitor and, where necessary, co-ordinate the activities of non-marine Business Panels and other committees and groups, particularly to assist NMC in connection with its own handling of underwriting and technical issues;

• Accreditation of Wordings - to approve non-marine policy wordings, clauses and other documents submitted for LMA accreditation;

• Communication - to ensure effective communication to and from non-marine practitioners and others relevant to business transacted by non-marine practitioners and to provide a focal point for communication between the Non-Marine community and the LMA’s Underwriting & Claims Committees.

The NMC meets monthly and reports to the LMA Underwriting Committee. See Schedule of Meeting dates for 2010.

Membership of this committee is made up of a number of Chairmen from the respective Non-Marine Business Panels and Standing Committees.  Membership is, so far as applicable, in accordance with the LMA’s Non-Marine Policy for Panel Membership and is a neutral function administered by the LMA Secretariat.

Further information on the above can be obtained from the NMC Secretary, Alison Colver.  Email: alison.colver@lmalloyds.com.

The following issues are currently being considered by the NMC:

• Premium Payment Improvements Working Group and the Deferred Premium Scheme
• E-placing and RI3K
• Ongoing Wordings projects

The LMA is also involved in a number of initiatives which impact across the underwriting community - irrespective of class of business - for example Basel II / Capital Requirements Directive.

Further information on these issues can be obtained from the NMC Secretary, (see Contact Section below).

The Non Marine ‘Wordings & Contracts Forum’ was established to support the NMC in its responsibility for technical and wordings matters which reflect the full range of underwriting activity in the non-marine market, and specifically its role to develop or revise policy wordings or clauses for adoption as LMA accredited wordings.

To do this, the ‘Wordings & Contracts Forum’ works alongside the permanent LMA Business Panels and (as necessary) ad hoc Groups / Working Parties formed to address specific wordings/technical matters and refers the policy wordings or clauses to the NMC for approval.

On a monthly basis, to report in to the NMC, the LMA Wordings & Contracts Forum updates their ‘List of Wordings in Production’.   For a copy of the current list, click on the following link. List of Wordings in Production

Further information on any of these wordings / clauses currently under review/in production can be obtained from Alison Colver (see Contacts section below). 

The following Link(s) have been provided as being of interest to those involved in this class of business:

• The current Chairman of the NMC is Tom Corfield from Liberty.

For further information on the Non Marine Committee, or any of the topics shown above, please contact Alison Colver.

Alison Colver - Senior Technical Executive Alison supports the LMA Non-Marine Committee and also runs the LMA Wordings Forum and US Property Panel.  Alison has been the main contact point for the LMA in relation to the recent amendments to US TRIA legislation.     Email: alison.colver@lmalloyds.com    Tel: 020 7327 8370

Main responsibilities: Non-Marine Committee US TRIA Wordings Forum