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The Maritime Industry has welcomed the news that the Lloyd’s Salvage Arbitration Branch (LSAB) will remain open, subject to a review on funding and a push for its greater use. 8/6/2021
Lloyd’s Salvage Arbitration Branch sails on
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The Operational Resilience bandwagon is now well and truly underway. 7/16/2021
Operational Resilience Working Group update
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In November 2020, the LMA embarked on Project Dare to address the underlying issues causing the steady decline of premium from delegated authority (DA) partners. 7/15/2021
Why we must Dare to transform how we distribute business
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LMA's Paul Davenport dicusses the findings of a new survey on climate change action by Lloyd’s managing agencies. 6/24/2021
Managing agencies have a lot left to do on climate change
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LMA's Head of Marine & Aviation, Neil Roberts, questions whether the use of sanctions has reached the limits of effectiveness. 6/21/2021
Managing sanctions: time for a rethink?
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A joint LMA/ICMR panel debate exploring the options available to investors and underwriters of the Lloyd’s platform for value creation, whether through ILV or third party capital routes. 5/13/2021
Third party capital vs building value

Bulletins

Co-Lead Claims Email Submission Guidance - September 2021
[LMA21-033-TB9/16/2021] The LMA DACG and LIIBA DACC have collectively developed the below guidance document for the submission of co-lead claims referrals being handled by a third party with a delegation of claims authority into Lloyd’s managing agents claims teams.

Updated Cyber Clauses for use on US GL and Excess liability coverage forms
[LMA21-032-TE7/29/2021] The LMA US General Liability Panel has published updated cyber clauses for use on US Excess forms.

Lloyd’s Asia Model TOBA and Guidance Notes Update
[LMA21-031-CH7/13/2021] Lloyd's Asia has overseen the refresh of the Model Lloyd's Asia Terms of Business Agreement. The new version has been published and is attached to the full bulletin (link below).

Press releases

LMA board appointments add “wealth of expertise”
[9/13/2021] The LMA has announced the appointment of six new board members.

LMA facilitates Government-backed live events scheme
[8/6/2021] Following discussions with HM Government and leading Lloyd’s contingency underwriters, Chancellor Rishi Sunak has launched the Live Events Reinsurance Scheme, in partnership with Lloyd’s.

LMA announces Davison as Underwriting Director
[7/8/2021] The LMA has announced the promotion of Patrick Davison to the role of Underwriting Director, with effect from 01 July 2021.

Quarterly updates

CFO Update
[7/15/2021] Update from LMA's Finance Director Paul Davenport, on behalf of the LMA's Finance Committee, for Lloyd's market CFOs and Chief Actuaries - issued on

CRO & Compliance Update
[8/25/2021] Update from Gary Budinger, Senior Executive, Finance & Risk, on behalf of the CRO Committee, issued on

Regulatory Update
[6/18/2021] Update from LMA's Head of Regulatory Affairs Steve Morrell for compliance officers and Heads of Legal at managing and members' agents, issued on

Claims Quarterly
[11/5/2020] Update from LMA's Claims Director Lee Elliston to Heads of Claims and their teams in the Lloyd's market, issued on