Election Results: Joint Power Generation Committee 2021
14 Jan 21 | Following the recent ballot, six individuals have been elected as members to the Joint Power Generation Committee (JPGC) for a three-year term. The full bulletin, linked below, provides a list of new members.
Cyber Clauses for use on Directors’ and Officers’ Business
12 Jan 21 | To notify interested parties that, in order to satisfy Lloyd’s Bulletin Y5277 – Providing clarity for Lloyd’s customers on coverage for cyber exposures, the LMA Directors’ and Officers’ Business Panel has published the following model clauses.
Election Results: Personal Accident Business Panel 2021
06 Jan 21 | Following the recent ballot, four individuals have been elected as members to the Personal Accident Business Panel for a five-year term.
Election Results: Worldwide Property Business Panel 2021
23 Dec 20 | Following the recent ballot, seven individuals have been elected as members to the Worldwide Property Business Panel (WWPBP) for a three-year term.
Election Results: Terrorism and Political Violence Business Panel 2021
17 Dec 20 | Following a recent balot, four individuals have been elected as members to the Terrorism and Political Violence Business Panel (TPVBP) for a three-year term.
Lloyd’s cyber coverage requirements – clarification for excess layer and facultative reinsurance policies
17 Dec 20 | To clarify how the cyber requirement set out in Lloyd’s Bulletins Y5258 and Y5277 can be satisfied for excess layer and facultative reinsurance policies that are written on a follow form basis.
Lloyd’s cyber coverage clarity requirements
16 Dec 20 | Ahead of the deadline for classes of business in Phase 3 to meet the Lloyd’s requirements in respect of cyber coverage clarity, the LMA has highlighted the model clauses that have been published for each class of business.
Reporting Rationalisation Review
15 Dec 20 | The PwC review gathered information on the time and effort spent on each major report type and explored the themes that present opportunities to improve the efficiency and effectiveness of the reporting processes both from a managing agent and Lloyd’
RESC Microfracture Endorsements
14 Dec 20 | The model endorsements approach the recovery of microfracture testing costs in different ways.
Business Interruption Volatility Clause (For use on Oil, Gas and Petrochemical Contracts)
10 Dec 20 | The LMA Onshore Energy Business Panel has published the attached model clause. This clause replaces LMA5383.