Wordings & Contracts Forum

The Wordings & Contracts Forum was established to support the LMA's Non-Marine Committee in its responsibility for approving LMA wordings. Click here for the Forum Terms of Reference2017 meeting dates  and the Role of the Committee.

The Forum is structured into two groups:

  • Steering Group: meets monthly and comprises a core number of Wordings Managers representative of some of the LMA member organisations
  • Principals Group: meets five times a year and consists of a 'database' of wordings/technical specialists who can be called on for their specific areas of expertise.

The Forum reports to the Non Marine Committee (NMC) on a monthly basis with a list of Wordings in Production, and refers drafted policy wordings/clauses to the NMC for approval.

The current Chairman of the LMA Wordings & Contracts Forum is Nigel Davies from AEGIS. The current Deputy Chairman is Martin Roberts from Liberty Specialty Markets. Martin chairs the 'Principals Group' Forum Meetings. Both can be contacted via the LMA Executive.

Model Wordings

In conjunction with the LMA, and as approved by the Non Marine Committee, the Wordings and Contracts Forum issues wordings and clauses from time to time which are available for market use and published on the Lloyd's Wordings Repository. All wordings and clauses are purely illustrative and established and distributed for the guidance of members, who are free to agree different conditions or amend as they see fit.

A list of LMA wordings issued this year can be accessed from our Wordings page.

Recent Wordings-related market bulletins

Lloyd's Wording Repository (LWR)

All wordings issued by the Wordings & Contracts Forum have been added to the Lloyd's Wordings Repository. All managing agents have access to the Lloyd's Wordings Repository, providing underwriters with access to established model wordings and clauses which are in current use, in all lines of business, against which slips/MRC can be referenced. The Repository includes all wordings developed by the LMA and wordings developed by other industry organisations, as well as many wordings from individual managing agents, other insurers and brokers. It also provides managing agents with access to ISO wordings and a link to the BRMA website.