For the attention of COOs and Compliance Officers

The Electronic Market Reform Contract Endorsement  (e-MRCE)

The purpose of this bulletin is to remind members that the e-MRCE has been introduced as an electronic extension of the Market Reform Contract Endorsement (MRCE), which became the London Market standard endorsement from 1 April 2008.

Two market briefings have been held to support implementation planning. Some 600 representatives from the insurer and broker communities attended these sessions, on 14 and 18 March, reflecting the significant interest across the London Market in modernising the endorsement process.

Accordingly, members are now asked to provide by 15 April 2008:

  • The names of their key contact(s) for e-MRCE implementation
  • Estimates of current endorsement volumes
  • Relevant “corporate” e-mail addresses for endorsement submissions

The “contact details form” attached below should be used for this purpose.  When forwarding these details to the Market Reform Office, please include a copy to the undersigned as an aid to future communication on this subject.

Members are encouraged to engage in the adoption of e-MRCE to maximise the potential benefits for the London Market as a whole.

If you have any queries regarding this Bulletin, please contact the undersigned at peter.martin@lmalloyds.com or on 020 7327 4595.

 
Peter Martin
Technical Executive

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LMA Bulletin

Date:  2 April 2008

From: Technical Executive

Ref: LMA08-013-PM


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