Fundamental operational risks are top concerns for Lloyd’s CROs, LMA survey finds

18 Sep 19 | Pricing, cost reduction, change management, market modernisation, and competition are the top five risks facing Lloyd’s, according to Chief Risk Officers (CROs) within Lloyd’s managing agencies.

Data Subject Access Rights

13 Sep 19 | In collaboration with DXC Technology we have produced three market protocols in relation to data subject rights.

Lloyd’s Market Association appoints new LMA Academy Director and Chairman

10 Sep 19 | The LMA has announced the appointment of Fiona Temple as LMA Academy Director and Matthew Wilson, Group CEO at Brit Limited, as Chairman of the LMA Academy.

Mis-selling Scandal Sounds Alarm Bells for Liability Market

27 Aug 19 | The recent mis-selling scandal in the Australian financial services industry has highlighted the potential for catastrophe-style loss events for the casualty and financial & professional lines market.

Update to Twin Binding Authority MRC

12 Aug 19 | The LMA has drafted an update to the Twin Binding Authority MRC which has been published as LMA3113AT-A.

Legal > FCA's Proposed GI Value Measures Reporting

12 Aug 19 | Our Head of Regulatory Affairs, Steve Morrell discusses the LMA’s thoughts on the FCA's proposed GI Value Measures Reporting.

MIS Claims Imagery & Intelligence Service

01 Aug 19 | This tool has historically been funded by the LMACC and is now jointly funded with Lloyd’s on a 50/50 basis. A central market contract is in place until 13 January 2020.

Auditor Terms of Business Agreement

29 Jul 19 | The LMA’s Delegated Audit Group (DAG) has put together a model Terms of Business Agreement (TOBA) that can be used by managing agents when instructing coverholder or TPA auditors. The TOBA can be found below, and is also available on the Lloyd’s Word

Your chance to shape our future

23 Jul 19 | The LMA has worked closely with Lloyd’s to map out six transformational initiatives to prepare Lloyd’s for the future.

Electronic Placement Adoption continues apace, but more work to be done

22 Jul 19 | While the move towards electronic placement has been spurred in large part by the Lloyd’s mandates, we have seen a general shift to a position where underwriters and brokers have now accepted that electronic trading is a good thing for the market.

LMA 18th Birthday

28 Jun 19 | 18 years later the LMA is the leading representative force in the Lloyd’s market, just as its founders intended. It works to enable the success of member managing agencies and the market through technical expertise, learning & development activity.

Terrorism Panel Cyber Endorsements

18 Jun 19 | The LMA Terrorism Business Panel, in conjunction with representatives from the LMA Wordings Forum, have published two model write backs of cyber cover (essentially, but not exclusively, as write backs to the Terrorism exclusion contained within the L

GDPR: Market & DXC processes for handling Data Subject Requests

14 Jun 19 | LMA and DXC have been working to ensure there is a clear documented process in place to assist Data Controllers (in this case carriers) and DXC (as a Data Processor).

New South Wales Emergency Services Levy

10 Jun 19 | Insurers writing relevant classes of business in New South Wales are required to charge an Emergency Services Levy alongside the risk premium to cover their contribution to the emergency services annual budget.

LMA Risk Code Triangulation Reports – Q1 2019

03 Jun 19 | The latest LMA Triangulation Reports (Q1, 2019)

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