News

LMA Bulletin

29 Jul 15

Revised Pool Re Manual v.6
Two LMA committees have produced updated wordings in response to Pool Re's new underwriting manual to its members.
           

LMA Bulletin

28 Jul 15

LMA Risk Code Triangulation Reports – Q2, 2015
The LMA Risk Code Triangulation Reports for Q2 2015, using data supplied by Xchanging, have now been published.
           

LMA Bulletin

27 Jul 15

Consumer Wordings Guidance v1.1
The LMA has issued a revised edition of its Consumer Wordings Guidance, which was first published on 27 April 2015.
           

LMA Bulletin

24 Jul 15

Market Reform Contract (Open Market) Guidance – new version 1.6
In accordance with previous practice, a cross-market group has carried out the annual review of the Market Reform Contract (MRC) guidance. This has resulted in a new version (MRC 1.6) of the 'Open Market' Guidance containing relatively minor enhancem
           

Press Release

23 Jul 15

The rise of driverless cars debated at LMA
The rise of autonomous and semi-autonomous cars will change the nature of car ownership and challenge the motor insurance market to develop new business models, the LMA said, this week.
           

LMA Bulletin

14 Jul 15

Update: Australian Fire Brigade Charges Scheme Collection Monitoring
This Bulletin provides an update of requirements for Australian Fire Brigade Charges Scheme Collection Monitoring.
           

Press Release

02 Jul 15

LMA publishes guidance on Senior Insurance Managers Regime
The LMA has issued new guidance to Lloyd’s managing agents on the proposed Senior Insurance Managers Regime (SIMR) developed by the UK’s two financial services regulators. The LMA’s paper provides a summary of the new regulations and their implicatio
           

LMA Bulletin

01 Jul 15

Senior Insurance Managers Regime guidance issued
The LMA has prepared guidance for managing agents on the proposed new Senior Insurance Managers Regime (SIMR). This comes into force on 1 January 2016, replacing the current Approved Persons regime.
           

Press Release

29 Jun 15

‘Grexit’ fears prompt LMA to reissue guidance to Lloyd’s market
As uncertainty rises over the potential for Greece to exit from the euro currency, the Lloyd’s Market Association (LMA) has reissued its guidance and a model clause relating to the withdrawal of a country from the eurozone.
           

LMA Bulletin

25 Jun 15

LMA Eurozone Guidance and Model Wordings
Due to the continued uncertainty surrounding the potential for a Greek exit from the Eurozone, this Bulletin is a reminder of the following guidance and model clauses published previously by the LMA.
           

Press Release

15 Jun 15

Barbican underwriter elected chair of new LMA cyber group
Geoff White, Underwriting Manager – Cyber, Technology and Media at Barbican Insurance Group has been elected chairman of the Lloyd’s Market Association’s (LMA) newly-created Cyber Business Panel.
           

Press Release

11 Jun 15

LMA and IUA launch Insurance Act 2015 Guidance
The LMA and IUA have published a comprehensive guide to the Insurance Act 2015. It is designed to help readers to understand the principal changes embodied in the Act, the practical differences they might make and the potential challenges which may b
           

LMA Bulletin

11 Jun 15

Joint LMA/IUA Guide on the Insurance Act 2015
The LMA and IUA publish their joint Guide on the Insurance Act today. This is available to download from the LMA website.
           

Press Release

10 Jun 15

LMA appoints new wordings executive
The LMA has appointed Frances Shaw to the role of Technical Executive, Wordings.
           

LMA Bulletin

02 Jun 15

Reminder: Cause Codes Review and Related ECF System Change
Further to LMA Bulletin LMA15-013-RCE on 19 March, this is a reminder that the system change to ECF and the new cause codes will come into effect from 21 June.
           

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