Latest LMA bulletins, press releases and blog/opinion pieces
Lloyd's Brussels: open for business
03 Dec 18 | LMA's Head of Worrdings, Alison Colver discusses the huge amount of work that has taken place to help the market ensure that wordings are clear and fit for purpose once Lloyd’s Brussels begins underwriting from 01 January 2019.
Gemini Claims Expert Management Hub - Now Live
30 Nov 18 | Following two successful phases of market acceptance testing, the market has signed off the delivery of the Gemini Claims Expert Management Solution (provided by Advent Insurance Management). The solution is now available for carriers to use.
LMA launches Gemini to tackle claims expert spend
29 Nov 18 | Gemini, a claims expert management solution and platform for Lloyd’s carriers, has been launched this week. LMA estimates claims expert spend in the Lloyd’s market to be in the region of £500 million a year.
A Satellite View of Enhanced Claims Service
26 Nov 18 | LMA's James Wilson explains how the satellite service used during recent wildfires and hurricanes enabled Lloyd’s insurers to make early part or full settlement of claims. He also talks about potential future service enhancements.
Realising Electronic Placement Benefits
19 Nov 18 | Patrick Davison discusses how the increase in use of electronic placement is encouraging, but further system improvements will be key if underwriters are to realise the efficiencies of electronic placement.
LMA Risk Code Triangulation Reports – Q3 2018
12 Nov 18 | The LMA Risk Code Triangulation Reports for Q3 2018, using data supplied by Xchanging, have now been published on the LMA website.
LMA Finance Committee appoints Mark Allan as chairman
12 Nov 18 | The LMA's Finance Committee (FinComm), which leads on financial issues and requirements affecting Lloyd’s managing agents and syndicates, has appointed Mark Allan as chairman.
Lloyd’s Marine Resilience
09 Nov 18 | Neil Roberts, LMA's Head of Marine discussed how Lloyd’s marine insurers are resilient, with a unique ability to adapt to change and deliver high-quality products at competitive prices.
Lloyd’s Risk Location and Stamp Decision Guidance (Lloyd's Brussels)
06 Nov 18 | In the event of a hard Brexit in March 2019, Lloyd’s syndicates will no longer be licensed to write EEA (and Monaco) risks on syndicate paper.
Lloyd’s Brussels TPA Agreement
05 Nov 18 | The Lloyd’s Brussels TPA agreement (LBS0065) has been published to support the management of outsourced claims entities from the EEA by Lloyd’s Brussels.
Eyes on the risk
25 Oct 18 | Lee Elliston, LMA's Claims Director, discusses how the Lloyd's market is using Tech to assess claims in the wake of major natural catastrophes.
Co-Lead Claims Agreement
19 Oct 18 | This bulletin both introduces and publishes the co-lead claims agreement, to support the streamlining of the co-lead claims agreement process within the Lloyd’s market.
Satellite Imagery speeds Florence and Michael claims payments
15 Oct 18 | Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service.
LMA appoints Andrew Brooks as next Chairman
10 Oct 18 | Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd., has been appointed the next Chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019.
Reputation, enhancing delegated authority claims and automation ‘top priorities’, LMA survey reveals
08 Oct 18 | Brand reputation, automation and straight-through processing are the top three priorities of claims leaders in the Lloyd’s market, a survey commissioned by the LMA reveals.
No content found
London Market Group (LMG) press