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The outcome of over a year’s consultation with underwriters, owners, Lloyd’s and other interested parties including P&I Clubs, brokers and salvors is a new clause for incorporation in marine hull policies. 9/10/2024
Lloyd’s Open Form Default Clause to be Introduced
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Our Claims Director Janine Powell was interviewed, alongside other industry experts, as part of The Insurance Network’s London Market Claims Preview Show. 8/15/2024
London Market Claims Preview Show
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Sheila Cameron, CEO at Lloyd’s Market Association, joined Sam Casey, Senior Reporter at Insurance Insider, to discuss the LMA’s role in the Lloyd’s market, digitalisation of the marketplace, proportionate regulation, leadership diversity and more. 8/15/2024
Behind the Headlines: Sheila Cameron on the value of the Underwriting Room
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Last week, the LMA hosted Owen Harlow for work experience through the London Market Group’s 2024 Futures Academy. The Futures Academy, a partnership with Visionpath, offers 150 students a two-week opportunity to learn about specialty insurance. 7/17/2024
Classroom to Claims: Owen Harlow's Week at the LMA with the LMG's 2024 Futures Academy
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Faizan, one of our first trainees to join the LMA Legal Trainee Wordings Scheme, shares his thoughts on completing the various secondments he has undertaken during the Scheme. 7/8/2024
Faizan Mahmood on completing the LMA Legal Trainee Wordings Scheme
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Our latest article explores how scenario modelling can help insurers address the impacts of climate change. It emphasises integrating physical and transition risks into capital models, shifting from qualitative to quantitative assessments. 7/1/2024
Climate Change and Insurance: The Evolving Role of Scenario Modelling

Bulletins

Lloyd's Open Form Default Clause Published
[LMA24-041-AR, 9/12/2024] Jointly with the ICS, the LMA has drafted a new clause to bring greater certainty in the event of an emergency at sea.

Multi-Occupancy Building Insurance Disclosure Schedule Published
[LMA24-039-TS, 9/6/2024] To inform the market about the publication of a model Multi-Occupancy Building Insurance Disclosure Schedule.

Updated Terrorism & Political Violence Cyber Clauses Published
[LMA24-038-TC, 9/3/2024] To inform Terrorism and Political Violence underwriters and wordings professionals about the publication of LMA5378A, LMA5379A and LMA5409A.

Press releases

LMA celebrates first qualified solicitors from its Legal Trainee Wordings Scheme
[9/18/2024] The Lloyd’s Market Association (LMA) has today announced the qualification of the first graduates from its Legal Trainee Wordings Scheme.

Market-wide consultation launched around computable contracts
[9/16/2024] The Lloyd's Market Association (LMA) has launched a market-wide consultation on the new Computable Binding Authority Agreement (CBAA) model wording that is being developed with the support of Lloyd’s, LIIBA, MGAA and the IUA.

LMA and IUA Launch Sustainability Data Standard Resource for Insurers
[7/24/2024] London, 24 July 2024: A new resource to standardise the way in which underwriters ask insureds about their sustainability data has been released by the Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA).

Quarterly updates

CFO Updates
[8/9/2024] Updates from LMA's Finance & Risk Director Paul Davenport - issued

Legal & Regulatory Update
[8/8/2024] Update from LMA's Legal Director Arabella Ramage for compliance officers and Heads of Legal at managing and members' agents, issued

Operations Quarterly Update
[7/18/2024] Update from LMA's Operations Director Rob Myers for Lloyd's market Chief Operating Officers and Chief Information Officers, issued

Claims Half-Year Update
[7/17/2024] Update from LMA's Claims Director Janine Powell to senior claims leaders and the claims community in the Lloyd's market, issued