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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

Solvency rules have minimised insurance company failures: KPMG report
[3/2/2020] A new study produced by KPMG reveales that European solvency rules have effectively reduced the number and size of failures since the Solvency I capital adequacy regime was introduced in 2004.

Future at Lloyd’s and Brexit top LMA 2020 objectives
[2/10/2020] The LMA today revealed its objectives for 2020, intended to enable the success of LMA members and the wider market during a period of significant change.

Lloyd’s Market Association appoints Underwriting Director
[1/22/2020] The LMA has announced the appointment of Jane Hayes as Underwriting Director, effective 03 February 2020.

Lloyd’s Modernised Syndication Pilot business classes confirmed
[1/9/2020] Lloyd's and LMA has announced that the pilot classes for the modernised syndication pilot will be Marine Hull and International Casualty Binders.

JWC Statement: Gulf region update
[1/7/2020] A statement from the Joint War Committee in relation to the increased tensions in the Gulf region.

LMA advocates Basel III recognition of non-payment insurance by banks
[12/4/2019] Banks’ use of non-payment insurance should be recognised in regulatory capital calculations, according to the LMA response to the EC consultation on Basel III reforms.

LMA welcomes Future at Lloyd's Blueprint
[9/30/2019] The LMA has welcomed the launch of Blueprint One, which provides the latest strategic thinking from Lloyd’s around six ideas, first set out in their Prospectus, alongside a phased execution plan.

Lloyd’s market CEOs pledge action on unacceptable behaviour
[9/24/2019] The LMA Board, which includes 16 chief executives and other senior market leaders from Lloyd’s managing agents, has pledged to work actively through a CEO reporting network to tackle sexual misconduct in the market.

Fundamental operational risks are top concerns for Lloyd’s CROs, LMA survey finds
[9/18/2019] Pricing, cost reduction, change management, market modernisation, and competition are the top five risks facing Lloyd’s, according to Chief Risk Officers (CROs) within Lloyd’s managing agencies.

Lloyd’s Market Association appoints new LMA Academy Director and Chairman
[9/10/2019] The LMA has announced the appointment of Fiona Temple as LMA Academy Director and Matthew Wilson, Group CEO at Brit Limited, as Chairman of the LMA Academy.

‘Talent & tech' key to delivering world-class claims service, report finds
[4/11/2019] The LMA and PwC today published a report, following engagement with London market carriers, on the transformation of their claims departments.

LMA appoints directors to finance and operations roles
[3/5/2019] The LMA has announced the appointment of Rob Myers as Operations Director and Paul Davenport as Finance Director.

Digitisation tops LMA priorities for 2019
[2/27/2019] Sheila Cameron said that the pursuit of seamless digitisation, achieving sustained underwriting discipline and working with Lloyd’s to support their central strategies around distribution and international marketing, are LMA’s priorities for 2019.

LMA welcomes FCA’s market study findings
[2/20/2019] LMA welcomes the findings of the FCA’s review into the wholesale insurance broker market and the fact that it is final, therefore minimising any ongoing regulatory burden on insurers.

Vision for a ‘seamless digital marketplace’
[2/6/2019] Sheila Cameron has called for the creation of a digital marketplace in London where processing tasks are linked seamlessly from end to end, from proposal to claims, freeing market experts to concentrate on adding genuine value for customers.

LMA launches Gemini to tackle claims expert spend
[11/29/2018] Gemini, a claims expert management solution and platform for Lloyd’s carriers, has been launched this week. LMA estimates claims expert spend in the Lloyd’s market to be in the region of £500 million a year.

LMA Finance Committee appoints Mark Allan as chairman
[11/12/2018] The LMA's Finance Committee (FinComm), which leads on financial issues and requirements affecting Lloyd’s managing agents and syndicates, has appointed Mark Allan as chairman.

Satellite Imagery speeds Florence and Michael claims payments
[10/15/2018] Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service.

LMA appoints Andrew Brooks as next Chairman
[10/10/2018] Andrew Brooks, Chief Executive Officer of Ascot Underwriting Ltd., has been appointed the next Chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019.

Reputation, enhancing delegated authority claims and automation ‘top priorities’, LMA survey reveals
[10/8/2018] Brand reputation, automation and straight-through processing are the top three priorities of claims leaders in the Lloyd’s market, a survey commissioned by the LMA reveals.

New report highlights Lloyd’s advantages in InsurTech ‘arms race’
[9/21/2018] A study, undertaken for the LMA, has praised the work of some Lloyd’s managing agents in developing new propositions and embracing new technology.

LMA & Lloyd’s publish policy documentation for Lloyd’s Brussels
[9/19/2018] A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the LMA’s wordings team, working closely with the Lloyd’s Brexit and

New professional body for global Marine Warranty Surveyors
[8/30/2018] The Society of Offshore Marine Warranty Surveyors (SOMWS), a new professional body for individuals in this specialist field, is to launch on 18 September.

Sheila Cameron to be next CEO of Lloyd’s Market Association
[8/28/2018] Sheila Cameron, currently Head of International Operations at Navigators Underwriting Limited, is to become the next CEO of the LMA following the announcement that David Gittings will be stepping down at the end of the year.

Lloyd’s agencies want ILS as a permanent re/insurance market fixture, LMA survey finds
[8/14/2018] 80% of Lloyd’s managing agents who responded would “like to see Insurance Linked Securities (ILS) products become a permanent fixture in the re/insurance market” according to a survey by the LMA.

LMA survey reveals modernisation, underwriting systems and Brexit as top 2018 priorities for COOs
[6/25/2018] Market modernisation, underwriting systems upgrades, and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the LMA reveals.

LMA Personal Accident Committee appoints Ranzetta and De Vido
[6/21/2018] Stephen Ranzetta and Paul De Vido have been elected to the LMA's Personal Accident Committee, following a recent ballot at Lloyd’s.

LMA warns of $150 billion exposure gap in credit risk cover in its response to a PRA consultation on unfunded credit protection
[5/16/2018] The LMA in a response today to the PRA’s consultation paper, warns of a risk to the UK financial services sector if the efficiency of credit insurance is reduced in helping banks to mitigate risks.

Joint Rig Committee launches oil and gas cyber risk report
[5/9/2018] The JRC has published ‘Upstream Oil and Gas Cyber Risk – Insurance Technical Review’. It provides the background, threats and practical measures being implemented to reduce risk related to cyber threats in the upstream oil and gas industry.

Untangling the tech web
[5/2/2018] The LMA Academy has hosted its inaugural emerging technology masterclass, ‘Blockchain Decoded’, the first in a series of events aimed to educate the Lloyd’s market on a range of technology-related topics.

LMA report finds widespread use of cyber exclusions in many classes
[4/23/2018] LMA has undertaken a review of cyber risks & exposures model clauses. The report includes a comprehensive review of non-affirmative and affirmative coverage and commonly used exclusions.

LMA announces new Board members for 2018
[4/3/2018] Following the recent nomination process, the four successful candidates for membership of the LMA Board are David Croom-Johnson (Aegis), Stephen Eccles (Argo), Richard Harries (Atrium) and Matthew Shaw (Chubb).

Froese elected to LMA Aviation Committee
[3/27/2018] Dirk Froese, Head of Aviation at Beazley had been elected to the Lloyd's Market Association’s (LMA) Aviation Committee following a recent ballot at Lloyd’s.

LMA Marine Committee election
[3/8/2018] Three new members have joined Lloyd's Market Association’s (LMA) Marine Committee following a recent ballot of Lloyd’s managing agents. The LMA Marine Committee provides leadership and direction to the Lloyd’s marine underwriting community.

Gittings puts claims modernisation among LMA’s top priorities for 2018
[2/22/2018] David Gittings, CEO of the LMA told chief executives from across the Lloyd’s managing agency community that Brexit, electronic placing, claims modernisation, and further development of the LMA Academy in Lloyd’s overseas hubs are top of the LMA’s pri

LMA launches Claims Development Pathway
[2/20/2018] The LMA has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every stage of their careers.

London market Single Claims Agreement Party Model goes live
[2/1/2018] A transformational new model that will simplify how claims within the London market are handled is launched today in an effort to improve client service and streamline claims agreement across the London market.

Worldwide Property Business Panel appoints Dean Pitts as Chair
[1/16/2018] Dean Pitts has been appointed Chairman of the LMA Worldwide Property Panel, which leads on a wide range of issues affecting Lloyd’s managing agents and syndicates on behalf of the Lloyd’s market.

Tony Rai appointed as Chair of LMA Claims Committee
[1/11/2018] The LMA has appointed Tony Rai as Chair and Hannah Purves as Deputy Chair of the LMA Claims Committee (LMACC). Rai, Head of London Market Claims, Hiscox, replaces outgoing chair, Anthony Hobkinson. Purves is Claims Director at Markel.

LMA paper examines the increasing importance of CROs
[1/10/2018] A joint report from LMA & Korn Ferry charts the rapid evolution of the CRO role since the financial crisis and its continued expansion in scope and importance, particularly for insurers.

LMA welcomes announcement of IDD delay
[12/20/2017] The LMA has welcomed the announcement by the European Commission to propose a delay to implementation of the Insurance Distribution Directive (IDD) until 1 October 2018.

Data protection: new London Market Core Uses Information Notice published
[12/5/2017] The LMA has published 'London Market: Core Uses Information Notice' to provide data subjects with a consistent explanation of how various insurance market participants process their personal data in respect of core activities that take place througho

LMA Aviation Committee welcomes new legislation for drones
[11/28/2017] The LMA Aviation Committee has welcomed government proposals for drone legislation, which was set out in a statement on 26 November by the Aviation Minister, Baroness Sugg.

LMA tackles £1bn claims expert spend
[11/13/2017] The LMA Claims Committee today announced that Advent Claims has been selected as a partner and vendor for its Claims Expert Management Hub for Lloyd’s carriers. The Lloyd’s market has spent over £1bn on third party experts in the past 24 months.

CRO survey reveals £20m missed opportunity
[11/2/2017] Lloyd’s insurers spend about £20 million annually on capital-model governance and validation, but many approach the process as an exercise to satisfy regulators, rather than a value-adding proposition.

LMA/IUA initiative to optimise services with DXC Technology
[10/31/2017] The LMA, working together with the IUA, has concluded a transaction with DXC Technology for the provision of bureau services that will save the Lloyd’s and London market £100 million over the next five years.

Contact the Press Office

James Milne
Communications Director

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