Lloyd's Market Association Bulletin

LMA16-010-PD  |  04 February 2016       

International Casualty Treaty Fines and Penalties Exclusions

In conjunction with the International Casualty Reinsurance Business Panel, the LMA has produced the following model clauses and are available on the Lloyd’s Wordings Repository.

The fines and penalties clauses can be downloaded below:  These clauses are purely illustrative and established and distributed for the guidance of members, who are free to agree to different conditions.

For further information or if you have any queries on the above please contact Patrick Davison on: patrick.davison@lmalloyds.com. We would like to thank everyone who participated in the election process. For more information or if you have any other enquiries, please contact the panel secretary Patrick Davison on: Patrick.Davison@LMALloyds.com.
Patrick Davison

Senior Executive, Underwriting