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Insights
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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
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Chief risk officers are no strangers to adapting to significant changes in our industry. Yet those brought about by COVID-19, one of the most dramatic events in the market’s history, seriously tested the CRO’s capacity to adapt. 5/7/2021
Post-COVID challenges for the Risk Function

Bulletins

Lloyd’s Asia Model TOBA and Guidance Notes Update
[LMA21-031-CH, 7/13/2021] 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).

LMA DACG Delegated Claims Standards
[LMA21-030-TB, 6/30/2021] The publication of these Delegated Claims Standards and the alignment to those standards by each Lloyd's managing agent provides clarity to the wider market (brokers and DCAs) on the stance each managing agent is taking, and will drive more efficienc

Relinquishment of US Admitted Licences – US General Coverholder Conditions
[LMA21-029-CH, 6/23/2021] In July 2020, Lloyd’s announced that it would be relinquishing its admitted licences in Kentucky, Illinois and the US Virgin Islands (USVI), as detailed in Market Bulletin Y5324.

Press releases

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.

LMA unveils future model for Delegated Business
[6/22/2021] the LMA has revealed the conclusion of a six-month project to reimagine the end-to-end model and vision for Delegated Authority business, through the lens of the market and its distribution partners of brokers and coverholders.

LMA appoints new board members and sets board diversity target
[5/26/2021] The LMA has announced the appointment of four new board members and has also set a target to achieve greater board diversity in the near future.

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

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

CRO & Compliance Update
[5/19/2021] Update from Gary Budinger, Senior Executive, Finance & Risk, on behalf of the CRO Committee.