The following Bulletins, circulars or Letters to Members have been
posted here as being relevant to underwriters writing all classes of
business within the LMA.
Some of this content may only be accessable to LMA members who have
registered to use the site. The circulars themselves can be accessed via
the circular link at the end of this section.
EC Sector Inquiry into Business Insurance
The European Commission published its final report on its inquiry
into the business insurance sector on 25 September 2007. Since
that time DG Competition have conducted further discussions with markets
regarding certain practices utilised within sections of the European
coinsurance market which were of concern to them.
BIPAR, the European Federation of Insurance Intermediaries, has been
looking at ways to address the DG Competition concerns and have
developed a set of High Level Principles intended as a general guide
where appropriate, in relation to placements involving multiple
insurers.
Lloyd's has issued a Bulletin (Y4153) which reminds managing agents
of their expectations relating to compliance with European and UK
competition law in relation to the conduct of insurance business.
The Bulletin also includes the BIPAR principles.
Further information on this issue was circulated to the LMA
membership under LTM09-022-DG and LTM-08-020-DG, including links to
the Lloyd's Bulletin and the BIPAR Principles:
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