Gittings: strongest ever support for LMA will help deliver 2013 plans
23 January 2013
David Gittings, Chief Executive of the Lloyd’s Market Association (LMA), today told over 50 senior executives from Lloyd’s managing and members' agents that the LMA is enjoying its strongest support ever from the Lloyd’s market.
Speaking at our Annual CEO Lunch, Mr Gittings stated that, with LMA's Board now representing over 60% of Lloyd’s market capacity, we are in a strong position to implement our plans for 2013, including tackling a number of major issues facing the market, such as insurance law reform, business process modernisation and the transition to a new regulatory system in the UK.
Mr Gittings informed his audience that over 1,600 market practitioners are now actively involved in our committees while 6,300 members attended LMA-run events last year.
Mr Gittings said: “We have the strongest level of market support ever. The LMA Board now comprises the highest level of market capacity than at any previous time. Our approach continues to be to provide professional, technical support which can unify the whole market to tackle the changing business climate.”
In his speech, he also highlighted the top ten issues which we will be tackling on behalf of our members during 2013. These are:
- Insurance law reform
- Central Services Refresh (formerly Project Darwin)
- The Claims Transformation Programme
- Market appetite for Shared Services
- Lloyd’s 2025 Vision
- Utility Placing Platform
- FSA's transition to the Prudential Regulatory Authority (PRA)
- Business Planning Process
- Solvency II as business as usual
- The EC's Sector Enquiry into Business Insurance.
You can now download David's presentation. If you would like to know more about anything mentioned please email us: firstname.lastname@example.org or phone us on: 020 7327 3333.