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Insights
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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
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As part of our Pride Month celebrations, we are thrilled to share a Pride-themed podcast episode featuring some of our colleagues at the LMA. 6/25/2024
LMA Talks: Navigating the Insurance Industry as Gay Professionals
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Tara Allen, one of our first trainees to join the LMA Legal Trainee Wordings Scheme, shares her thoughts on completing the various secondments she has undertaken during the Scheme. 6/20/2024
Tara Allen on completing the LMA Legal Trainee Wordings Scheme
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The deadline for UK businesses to update existing contracts that provide for the transfer of personal data to entities based elsewhere in the world has now passed. 6/18/2024
International Data Transfers – Are Your Contracts Ready?

Bulletins

LMA and IUA Launch Sustainability Data Standard Resource for Insurers
[LMA24-034-PD, 7/24/2024] A new resource to standardise the way in which underwriters ask clients about their sustainability data has been released by the Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA). The Sustainability Data Standard i

Oil Price Cap - Revised Hull and Cargo Clauses
[LMA24-032-AR, 6/7/2024] In order to provide further clarity for practitioners seeking to comply with the Oil Price Cap legislation, LMA is issuing revised wordings for Cargo (LMA5650) and Hull (LMA5651).

Public Sentiment Extensions for Contingency Business
[LMA24-030-SD, 5/29/2024] The LMA’s Contingency Business Panel has published several model Public Sentiment Extensions.

Press releases

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).

LMA appoints new Board members
[6/24/2024] London, 24 June 2024: The Lloyd’s Market Association (LMA) has announced the appointment of four senior market leaders to its Board. The LMA is governed by a Board which sets the overall strategy, direction and priorities of the association.

JXL members explain background to their marine cyber clause
[6/19/2024] London, 19 June 2024: The LMA and IUA’s Joint Excess of Loss Committee hosted a packed session in the Lloyd’s Old Library for underwriters and brokers yesterday to talk through the genesis and development of the committee’s 2023 cyber clause.

Quarterly updates

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

CFO Updates
[4/23/2024] Updates from LMA's Finance & Risk Director Paul Davenport - issued

Legal & Regulatory Update
[1/15/2024] Update from LMA's Legal Director Arabella Ramage for compliance officers and Heads of Legal at managing and members' agents, issued