Lloyd's will innovate and adapt through challenging times

13 Jun 18 | LMA's CEO, David Gittings explains why he expects the Lloyd’s market to respond to current uncertainties in an effective and enterprising manner to ensure that Lloyd's will continue to thrive in years to come.

Presidential elections brings changes across LatAm

12 Jun 18 | Insights into trends and issues in Latin America from a visiting panel of nine LatAm insurance experts and members of the worldwide legal insurance network Insuralex.

New South Wales Emergency Services Levy

12 Jun 18 | The New South Wales (NSW) government reversed its decision to transition from a levy charged on insurance premiums to a property-based levy for the funding of emergency services.

Onshore Energy Business Panel – Mothballing & Recommissioning Questionnaire (LMA9142)

23 May 18 | The LMA’s Onshore Energy Business Panel has published a Mothballing and Recommissioning Questionnaire (LMA9142) for use in the onshore oil, gas and petrochemical market.

LMA General Data Protection Regulation Guide

17 May 18 | The GDPR came in to effect on Friday 25 May 2018. The LMA, jointly with DAC Beachcroft, has produced market guidance on the application of the GDPR in the Insurance Industry.

LMA warns of $150 billion exposure gap in credit risk cover in its response to a PRA consultation on unfunded credit protection

16 May 18 | The LMA in a response today to the PRA’s consultation paper, warns of a risk to the UK financial services sector if the efficiency of credit insurance is reduced in helping banks to mitigate risks.

Joint Rig Committee launches oil and gas cyber risk report

09 May 18 | The JRC has published ‘Upstream Oil and Gas Cyber Risk – Insurance Technical Review’. It provides the background, threats and practical measures being implemented to reduce risk related to cyber threats in the upstream oil and gas industry.

LMA Risk Code Triangulation Reports – Q1 2018

03 May 18 | The LMA Risk Code Triangulation Reports for Q1 2018, using data supplied by Xchanging, have now been published.

Untangling the tech web

02 May 18 | The LMA Academy has hosted its inaugural emerging technology masterclass, ‘Blockchain Decoded’, the first in a series of events aimed to educate the Lloyd’s market on a range of technology-related topics.

Lloyd's UK Terrorism Endorsement

01 May 18 | The Pool Re Underwriting Manual v 7.0 came into effect on 01 April 2018. Amongst other things, the new Manual incorporates a change to the cyber cover provided by Pool Re which, in turn, requires changes to members’ policies.

GDPR - Information Notices and model wordings

25 Apr 18 | In conjunction with Clyde & Co, the LMA has now produced a model (Layer 1) Short Form Notice and ancillary consent language / policy clauses, which are available on the LWR.

Brexit Binding Authority Sunset Endorsement

24 Apr 18 | The LMA has now drafted the below model clause to assist in managing the transition of binding authority business to Lloyd’s Brussels Subsidiary (LBS) in respect of Brexit.

LMA report finds widespread use of cyber exclusions in many classes

23 Apr 18 | LMA has undertaken a review of cyber risks & exposures model clauses. The report includes a comprehensive review of non-affirmative and affirmative coverage and commonly used exclusions.

SCAP and ECF Claims Best Practice Online Training

16 Apr 18 | This online training follows a similar format to the masterclasses held in January and February and to make them as interactive as possible, they have been designed in a scenario-based format that is thought provoking for the user.

LMA announces new Board members for 2018

03 Apr 18 | Following the recent nomination process, the four successful candidates for membership of the LMA Board are David Croom-Johnson (Aegis), Stephen Eccles (Argo), Richard Harries (Atrium) and Matthew Shaw (Chubb).

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