Lloyd's Reinsurance Claims Group

The Lloyd’s Reinsurance Claims Group (LRCG) was set up in 2006 and provides a representative forum which allows, where appropriate, discussion of common issues and concerns within the reinsurance market. The group meets bi-monthly and reports directly to the LMA Claims Committee. The chair of the group is Clare Constable of Sompo Canopius, the deputy chair is David Goddard, XL Catlin.

A Reinsurance Casualty Claims Group (RCCG) was set up in April 2014 to address casualty specific issues. This group is chaired by Robin Smith, Chaucer, Corné van der Breggen of XL Catlin is deputy chair. Further details on this group can be found by following the link below.

Role of the Group

Primarily, the role of the group is to:

  • Take the lead to identify and investigate reinsurance related issues with an objective of producing solutions for the benefit of this market and the market in general
  • Initiate project or sub-groups where appropriate to address specific issues
  • Advise and provide feedback to the LMA Claims Committee where reinsurance issues have a wider implication to the market

Key issues

  • Exposure monitoring regarding CAT events
  • Large Loss Co-ordination
  • Market solutions for dealing with Precautionary Notifications
  • Guidelines for cedant solvent/insolvent Schemes of Arrangement
  • Assessing legal issues & judgements and their effect within the reinsurance market