Election Results: Terrorism and Political Violence Business Panel 2019

08 Jan 19 | In response to a large number of nominations for the LMA Terrorism panel election, it has been agreed that the panel will increase in size from 12 to 16 places for 2019.

Election Results: LMA Worldwide Property Business Panel 2019

05 Jan 19 | Following the recent ballot, the following people have been elected to the Worldwide Property Business Panel (WWPBP) for a three-year term.

Election Results: Joint Power Generation Committee 2019

04 Jan 19 | Following the recent ballot, seven individuals have been elected as members to the Joint Power Generation Committee (JPGC) for a three-year term.

Election Results: Personal Accident Business Panel

04 Jan 19 | Following the recent ballot, eight individuals have been elected as members to the Personal Accident Business Panel (PABP) for a five year term.

Market Reform Contract Endorsement (MRCE) Guidance v1.3

28 Dec 18 | The cross-market group has now carried out a review of the associated Market Reform Contract Endorsement (MRCE) Guidance, which deals with contract changes.

Risk Engineering document updates

27 Dec 18 | The LMA’s Onshore Energy Business panel (OEBP) Engineering Sub-Group has updated three risk engineering documents originally published in 2015.

Business Interruption worksheets

21 Dec 18 | The LMA’s Onshore Energy Business panel (OEBP) has published two Business Interruption (BI) worksheets – one Gross Earnings (LMA9159) and one Gross Profit (LMA9160).

Arbitration and Alternative Dispute Resolution Clause

20 Dec 18 | The LMA’s North American Casualty Reinsurance Business panel (NACRBP) has published a model arbitration clause (LMA5344) for use on US treaties.

Delegated Claims Modernisation - Update

18 Dec 18 | In collaboration with the LMA Claims Committee (LMACC) and the Lloyd’s claims team, the LMA is implementing an enhanced delegated claims model which encompasses a long term delegated claims strategy addressing the required business and operational ch

Cyber Best Practice Guidance

11 Dec 18 | The guide is the result of a concerted effort to help share knowledge for everybody involved in underwriting cyber and is intended to help brokers - both in London and overseas.

Lloyd's Brussels: open for business

03 Dec 18 | LMA's Head of Worrdings, Alison Colver discusses the huge amount of work that has taken place to help the market ensure that wordings are clear and fit for purpose once Lloyd’s Brussels begins underwriting from 01 January 2019.

Gemini Claims Expert Management Hub - Now Live

30 Nov 18 | Following two successful phases of market acceptance testing, the market has signed off the delivery of the Gemini Claims Expert Management Solution (provided by Advent Insurance Management). The solution is now available for carriers to use.

LMA launches Gemini to tackle claims expert spend

29 Nov 18 | 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.

Consumer Wordings Guidance v4.2

28 Nov 18 | The latest version of the Joint LMA/Clyde & Co Guidance on Consumer Wordings is available to download from the LMA website, and contains a Document Revision/Change History page to identify the key amendments/updates.

A Satellite View of Enhanced Claims Service

26 Nov 18 | LMA's James Wilson explains how the satellite service used during recent wildfires and hurricanes enabled Lloyd’s insurers to make early part or full settlement of claims. He also talks about potential future service enhancements.

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