The Lloyd’s Market Association and Insurance Capital Markets Research release Insights Report on Lloyd’s record-breaking 2023 results
[4/15/2024] London, 15 April 2024: The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) present a detailed analysis and comment on the Lloyd's 2023 results, following our preliminary press release on 11 March 2024.
The Lloyd’s Market Association and Insurance Capital Markets Research to release report on Lloyd’s record-breaking results
[3/11/2024] London, 11 March 2024: The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) intend to unveil a comprehensive report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024.
LMA publishes updated oil price cap clauses for hull and cargo
[2/15/2024] The Lloyd’s Market Association (LMA) has published revised clauses in response to the Oil Price Cap Coalition’s announcement of additional measures to reduce the possibility of circumvention of the oil price cap.
The Lloyd’s Market Association announces 2024 priorities
[1/22/2024] The Lloyd’s Market Association announces 2024 priorities.
Lloyd’s Market Association and LIIBA Collaborate to Transform Delegated Authority Underwriting with Digital Contracts
[11/14/2023] London, 14 November 2023: The Lloyd's Market Association (LMA) and the London and International Insurance Brokers' Association (LIIBA) have joined forces to lead digital transformation in Delegated Authority (DA) business with the introduction of com
LMA publishes updated sanctions clauses
[10/5/2023] London, 05 October 2023: The Lloyd’s Market Association (LMA) today published two sanctions suspension clauses. Since September last year, the LMA has been consulting across the insurance industry and with specialist sanctions lawyers in several juri
LMA Launches New Blueprint Two Playbook for Managing Agents
[10/3/2023] London, 03 October 2023: The Lloyd’s Market Association (LMA) has today released an updated managing agent Blueprint Two Playbook. The Playbook has been created to provide managing agents with the tools and knowledge required to implement the Bluepri
Lloyd’s Market Association launches ESG Academy
[9/20/2023] London, 20 September 2023: The Lloyd’s Market Association (LMA) has announced the launch of its Environmental, Social and Governance (ESG) Academy, designed for professionals within the Lloyd's market and the global (re)insurance sector.
Lloyd’s Market Association appoints Elizabeth Jenkin as Underwriting Director
[9/5/2023] London, 05 September 2023: The Lloyd’s Market Association (LMA) has announced the appointment of Elizabeth Jenkin as Underwriting Director, effective 09 October 2023. Ms. Jenkin will report to Sheila Cameron, Chief Executive Officer, LMA.
LMA releases refreshed model Excess Health Care Provider’s Liability Policy wording
[4/18/2023] London, 18 April 2023: The Lloyd’s Market Association (LMA) has released an updated model US Excess Health Care Provider’s Liability Policy (XHCP). This marks the end of a two-year project to modernise and update the last model XHCP published in 1991
LMA announces membership of Chief Underwriting Officer Committee
[4/5/2023] London, 05 April 2023: The Lloyd’s Market Association (LMA) today announced the membership of its newly formed Chief Underwriting Officer Committee (CUOC) . Following significant interest from managing agents, the LMA CUOC will comprise of 15 members
LMA announces Claims Committee election results
[3/22/2023] The LMA has announced the results of the LMA Claims Committee elections. The committee provides leadership and direction for the Lloyd’s claims community and advises the LMA Board on strategic claims matters.
LMA launches CUO Committee for market-wide strategic initiatives
[2/22/2023] The LMA has announced the launch of the CUO Committee to represent the views of the managing agents on issues of strategic importance to Lloyd’s and provide guidance and advice to the underwriting community across the Lloyd’s market.
LMA congratulates Andrew Brooks on Deputy Chair appointment
[2/9/2023] The LMA has congratulated Andrew Brooks, Chairman of the LMA, on his appointment as Deputy Chair of Lloyd’s.
LMA’s Member Manifesto sets out its agenda for 2023
[1/31/2023] The LMA has published its Member Manifesto, which announces its strategic priorities for 2023.
LMA releases new format of Home Insurance Policy 2023
[1/19/2023] The LMA has today released a revised interactive format of the LMA UK Home Insurance Policy (HIP) 2023.
LMA Panel announces renewed approach to membership
[11/22/2022] A new approach to WWP elections seeks to achieve greater diversity among its membership in order to be more representative of the Lloyd’s market and its customers as well as recognising the value of diversity in developing high-performing groups.
LMA appoints three new Board members
[10/19/2022] The LMA has announced the appointment of three senior market leaders to its Board.
LMA publishes Consumer Duty guidance for managing agents
[10/18/2022] The LMA has published a general guidance document for the implementation of the FCA Consumer Duty.
LMA launches Charter to support improvement in market culture
[10/3/2022] The LMA's new framework includes expectations of behaviour at LMA events
LMA launches Charter to support improvement in market culture
[10/3/2022] The LMA's new framework includes expectations of behaviour at LMA events
LMA launches Wording Training Scheme
[9/28/2022] LMA launches Wording Training Scheme to train qualified solicitors for the London market
LIMOSS and Vitesse sign central market contract to enable Faster Claims Payment
[9/23/2022] LIMOSS and Vitesse, supported by Lloyd’s and the LMA, sign central market contract to enable Faster Claims Payment (FCP).
Loan Market Association publishes a model form CRI policy document
[8/10/2022] The Loan Market Association, with the assistance of the LMA and the IUA has published a model form of Credit Risk Insurance Policy.
LMA appoints Powell as Claims Director
[4/22/2022] The LMA has announced the appointment of Janine Powell as Claims Director.
LMA supports the Lloyd’s Enforcement Board decision
[3/16/2022] LMA supports the decision reached by the Lloyd’s Enforcement Board in response to the three charges of detrimental conduct, which have been accepted by Atrium Underwriters (Atrium) described in Market Bulletin Y5369.
LMA prioritises data, technical expertise advocacy and regulatory change in 2022
[3/2/2022] The LMA has announced its core priorities for 2022, which include future at Lloyd's delivery, technical expertise advocacy, regulatory change, technical training and engagement.
Lloyd’s Market Association announces market-wide agreement on “at the box or in the office” availability
[2/4/2022] LMA has today announced cross-market agreement on underwriters’ “at the box or in the office” availability.
LMA calls for transparent, market-wide approach to “at the box or in the office” availability
[1/31/2022] The LMA has called for a transparent, market-wide approach to the availability of underwriters in the Lloyd’s Underwriting Room and in their respective offices.
Andrew Brooks to continue as LMA Chairman
[11/16/2021] Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd, will serve a consecutive term as Chairman of the LMA, following a unanimous vote by the Board for his reappointment.
LMA issues updated guidance on updated FCA Pricing Practices and Product Reviews
[11/8/2021] The LMA has issued guidance for managing agents on the new FCA Pricing Practices rules and associated Product Reviews.
LMA announces Dormer as Head of Underwriting Strategy
[11/3/2021] The LMA has announced the appointment of Guy Dormer to the recently-created role of Head of Underwriting Strategy
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.
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.
LMA appoints Ramage as legal director
[4/29/2021] The Lloyd’s Market Association (LMA) has announced the appointment of Arabella Ramage to replace legal director Kees van der Klugt, who is retiring in September after more than a decade in the role.
LMA and 6point6 to re-imagine the delegated authority model
[11/17/2020] The LMA has launched a project to re-imagine the existing business and distribution model for delegated authority.
Gemini Expert Management System Phase II goes live with fee settlement
[10/21/2020] London’s Expert Management & Settlement Platform - Gemini - has delivered Phase II, instigating the payment of fees to an expert using the automated settlement facility whilst capturing structured data and MI in relation to expert spend, performance,
LMA launches Delegated Authority Committee
[7/7/2020] The LMA has convened a new Delegated Authority Committee to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution, and claims.
International structured credit insurers deliver ‘outstanding’ claims payment performance in 2018-19
[6/9/2020] Insurers paid 100% of all valid claims made by regulated financial institutions under credit insurance policies on time and in full in 2018 and 2019, according to research commissioned by the LMA and the IUA.
LMA Response to COVID-19
[3/13/2020] The LMA has set out a ‘work from home’ Business Continuity Plan from Tuesday 17 March up until the end of March. While the office is closed, the LMA is still open for business and operating as close to usual as possible.
LMA Response to COVID-19
[3/13/2020] The LMA has set out a ‘work from home’ Business Continuity Plan from Tuesday 17 March up until the end of March. While the office is closed, the LMA is still open for business and operating as close to usual as possible.
New LMA clause ensures continuity of coverage in case of market closure
[3/12/2020] The LMA has today published, on behalf of its members, policy language which will ensure customers’ coverage continues beyond a specified renewal date if the Lloyd’s market is inaccessible, and Emergency Trading Protocol fails. The clause is intended