SCAP - EEA slip leads

21 Oct 19 | This bulletin sets out the positions of Lloyd’s Brussels and other European Economic Area (EEA) insurers under the Single Claims Agreement Party (SCAP) protocol.

COOs discuss Blueprint at lively LMA Forum

15 Oct 19 | Operations Director Rob Myers talks about the wide-ranging discussion hosted by LMA about Blueprint One with the market’s operations community.

LMA welcomes Future at Lloyd's Blueprint

30 Sep 19 | 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.

Senior Managers & Certification Regime guidance updated

26 Sep 19 | The LMA have updated the SM&CR guidance to reflect new requirements from the PRA and also to provide an example template for the issuing of Certificates under the new Certification regime.

Lloyd’s market CEOs pledge action on unacceptable behaviour

24 Sep 19 | 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

18 Sep 19 | 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.

Data Subject Access Rights

13 Sep 19 | In collaboration with DXC Technology we have produced three market protocols in relation to data subject rights.

Lloyd’s Market Association appoints new LMA Academy Director and Chairman

10 Sep 19 | 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.

Mis-selling Scandal Sounds Alarm Bells for Liability Market

27 Aug 19 | The recent mis-selling scandal in the Australian financial services industry has highlighted the potential for catastrophe-style loss events for the casualty and financial & professional lines market.

Update to Twin Binding Authority MRC

12 Aug 19 | The LMA has drafted an update to the Twin Binding Authority MRC which has been published as LMA3113AT-A.

Legal > FCA's Proposed GI Value Measures Reporting

12 Aug 19 | Our Head of Regulatory Affairs, Steve Morrell discusses the LMA’s thoughts on the FCA's proposed GI Value Measures Reporting.

MIS Claims Imagery & Intelligence Service

01 Aug 19 | This tool has historically been funded by the LMACC and is now jointly funded with Lloyd’s on a 50/50 basis. A central market contract is in place until 13 January 2020.

Auditor Terms of Business Agreement

29 Jul 19 | The LMA’s Delegated Audit Group (DAG) has put together a model Terms of Business Agreement (TOBA) that can be used by managing agents when instructing coverholder or TPA auditors. The TOBA can be found below, and is also available on the Lloyd’s Word

Your chance to shape our future

23 Jul 19 | The LMA has worked closely with Lloyd’s to map out six transformational initiatives to prepare Lloyd’s for the future.

Electronic Placement Adoption continues apace, but more work to be done

22 Jul 19 | While the move towards electronic placement has been spurred in large part by the Lloyd’s mandates, we have seen a general shift to a position where underwriters and brokers have now accepted that electronic trading is a good thing for the market.

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