Joint Excess Loss Committee

Key issues

Transition
Following the release of CL432, the JXL issued a transition clause to enable existing policies to transition smoothly. The sole business purpose of the clause was - and continues to be - to afford cover for those with a finite and diminishing tail of risks which attached prior to the client’s original adoption of CL432. For that reason, once adopted, the Transition clause does not require amendment at any subsequent renewal to fulfil that purpose. For those clients electing to move to CL432 with effect from a given date, the Transition Clause should mirror the date of inception of the new policy – and again remain unaltered at each subsequent renewal.

"Cyber"
The Lloyd's drive for clarity on policies over "cyber", or more precisely on coverage given and claims that may arise from the use of software, will have ramifications for reinsurers as they will also have to be clear on their exposures and coverage.

Joint Excess Loss Clauses

CL432 16/10/17 is the latest version of JELC.

Circular JX2018-003 - ARIAS (UK) Arbitration Confidentiality Clause
 

Committee Members

Neil Lee-Amies (Chair) Hamilton
Chris Baker (Deputy Chair)
Chaucer
Andy Gladwin
Canopius
Eddie Hughes Antares
William Taylor
MS Amlin
Jodie Arkell RenaissanceRe
Guy Ellis
Hiscox
Claire Wallace
Atrium
Suzanne Revell
Swiss Re
Graham Daly
Translantic Re
Chris Jenkins
AXA XL

 

Members' Area

Joint Excess Loss Members' Area

If you are an IUA member and wish to access the minutes, please email lma@lmalloyds.com.

Contact us


Neil Roberts
Head of Marine Underwriting