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The recent introduction of the so-called US “Liberation Day” tariffs is weaponising global trade and there is no industry or sector that will remain unaffected from its ripple effects. 4/9/2025
Tariffs and the Lloyd’s market: Proactively navigating systemic risks
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The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) are pleased to present a detailed analysis and comment on the Lloyd's 2024 results. 4/8/2025
Lloyd's 2025 Insights Report
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In this blog, Muhammad Hammad, Executive, Legal Trainee, discusses the FCA's intention to shelve enforcement and diversity and inclusion proposals. 4/8/2025
FCA abandons enforcement and diversity and inclusion proposals
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Cyber risk has emerged as one of the most dynamic and challenging perils in today’s risk landscape. It is a human-caused and often maliciously motivated threat that can transcend geographical and sectoral boundaries, creating unique challenges for in 3/31/2025
Practical Management of Cyber Exposures and Aggregations
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The LMA, jointly hosted by 7KBW, recently held a session to discuss the reforms brought about by the 2015 Insurance Act. 3/21/2025
Replay - 10 Years of the Insurance Act
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Lloyd Martin, Executive, Technical Underwriting, delves into his life as a wordings professional, working with business class-specific committees of underwriters to produce model wordings for use across the market. 1/28/2025
Finding the right fit: a career in wordings
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Ida Celentano and Toby Clark, Executives, Technical Underwriting, delve into the Lloyd’s Market Association’s (LMA) personal accident policy wording (LMA3177), and how the changes aim to boost consumer understanding. 1/14/2025
Why wordings matter: Toby Clark and Ida Celentano
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In today’s rapidly digitalising world, the nature of cyber risk is evolving. Scoping Out Systemic Cyber Risk, sets out a practical framework designed to help insurers manage the aggregation potential of under-modelled systemic cyber exposures. 1/13/2025
Scoping Out Systemic Cyber Risk
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This report is an objective assessment of Enhanced Underwriting in the Lloyd’s market, capturing viewpoints from market participants representing 77% of Lloyd’s 2023 GWP. 11/18/2024
The Growth of Enhanced Underwriting in the Lloyd's Market: The New Normal?
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The report is the first of its kind to examine the evolving challenges, risks and rewards posed by the transition and the implications for the insurance sector over the next 20 years in such a holistic and comprehensive way. 10/24/2024
Underwriting the Transition: extracts from the Executive Summary
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The LMA and IUA have introduced two new online claims job simulations, aimed at enhancing visibility of career opportunities in claims and providing students with an immersive, hands-on learning experience. 10/22/2024
Replay - Launching Forage Job Simulations for Claims
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As part of Black History Month, James Williams, Executive in Marketing and Communications at the LMA, reflects on his journey as a newcomer to the market, highlighting the challenges, opportunities and the impact of his identity on his experience. 10/18/2024
My journey into the Lloyd's insurance market
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This episode delves into key findings from a new report by LMA and Aon, offering practical insights and recommendations on improving investor experiences. 10/14/2024
LMA Talks: Capital Insights: Understanding Investor Experiences at Lloyd's
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This episode of LMA Talks explores the steps the market is taking to enhance claims as an attractive career choice and prevent a potential skills shortage. 10/14/2024
LMA Talks: Building the Future of Claims
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The LMA International Bodily Injury Index, collated by DAC Beachcroft, provides a comprehensive analysis of bodily injury claims data across various jurisdictions. 10/11/2024
LMA International Bodily Injury Index
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Congratulations to Isobella Hare, Beazley, the winner of our inaugural 2024 WKLMA FinPro Travelling Scholarship. 10/3/2024
2024 WKLMA FinPro Scholarship Winner Announced
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The aviation sector is grappling with the long-term effects of pandemic-related staff cuts, leading to difficulties in replacing experienced talent, impacting both profitability and safety across the industry, writes Dele Fajimolu. 10/3/2024
Addressing the Ongoing Skills Shortage in Aviation
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A review by Aon Capital Advisory UK in partnership with the Lloyd’s Market Association (‘LMA’). 9/26/2024
Capital Insights: Understanding Investor Experiences at Lloyd's
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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
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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?
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From a background of short-term jobs and world travel to finding a place in the dynamic Lloyd’s market, join Toby Clark, an Executive in Technical Underwriting, as he recounts his unconventional journey into the insurance industry. 6/18/2024
Embracing the Unconventional: My Journey into the Insurance Industry
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Sheila Cameron, CEO at Lloyd’s Market Association, joined Huw Evans, Head of Insurance at KPMG UK, to discuss the future of the London market: its technological modernisation, its talent and how it can be relevant and innovative to meet the insurance 5/30/2024
Let’s Talk Insurance Vodcast series: Sheila Cameron
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Our Head of Marine and Aviation and Secretary of the Joint War Committee, Neil Roberts, spoke on the eighteenth episode of The Political Risk Podcast. This episode is war risk insurance-flavoured and features Michael Burle, Head of Marine at Liberty 5/17/2024
Marine War Risk: Red Sea & Gulf of Aden; Black Sea & Ukraine