Lloyd's Market Association Bulletin
LMA23-018-JN | 25 May 2023
Market Guidance: Co-Lead Binders & the Co-Lead Claims Agreement (CLCA)
This market guidance has been produced by the LMA Delegated Authority Claims Group (DACG), with support from LIIBA’s Delegated Authority Claims Committee.
The market guidance sets out the key changes that have been made to the Co-Lead Claims Agreement (CLCA) to accommodate the Lloyd’s Claims Lead Arrangements, which come into effect 1 June 2023. It outlines practical steps that the market will need to take to adopt and meet the responsibilities set out in the CLCA. The guidance should be read alongside the updated CLCA which was published 27 April 2023.
Co-Lead Binder Claims Market Guidance
To make best use of this guidance, readers should be familiar with the Lloyd’s CLA, specialist guidance and the Lloyd’s training materials on Delegated Authority Arrangements (Module 3). We are committed to keeping this market guidance under review and will facilitate feedback from the market to the LMA DACG.
Please share any questions or feedback with Jenny Neale & Sebastian Rolf at the LMA.