LMA News Archive

Update to Twin Binding Authority MRC [LMA19-025-AC, 8/12/2019] The LMA has drafted an update to the Twin Binding Authority MRC which has been published as LMA3113AT-A.

MIS Claims Imagery & Intelligence Service [LMA19-024-JW, 8/1/2019] 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 [LMA19-023-EW, 7/29/2019] 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

Terrorism Panel Cyber Endorsements [LMA19-022-AC, 6/18/2019] The LMA Terrorism Business Panel, in conjunction with representatives from the LMA Wordings Forum, have published two model write backs of cyber cover (essentially, but not exclusively, as write backs to the Terrorism exclusion contained within the L

GDPR: Market & DXC processes for handling Data Subject Requests [LMA19-021-JW, 6/14/2019] LMA and DXC have been working to ensure there is a clear documented process in place to assist Data Controllers (in this case carriers) and DXC (as a Data Processor).

New South Wales Emergency Services Levy [LMA19-020-PD, 6/10/2019] Insurers writing relevant classes of business in New South Wales are required to charge an Emergency Services Levy alongside the risk premium to cover their contribution to the emergency services annual budget.

LMA Risk Code Triangulation Reports – Q1 2019 [LMA19-019-PD, 6/3/2019] The latest LMA Triangulation Reports (Q1, 2019)

Gemini Expert Management - Phase 2 delivery - capturing expert spend [LMA19-018-TB, 5/15/2019] An update on the phase 2 scope, design and plan to fully deliver Gemini, the market's expert management solution, following the initial delivery in October 2018.

Loss Ratio Triangulations [LMA19-014-PD, 5/8/2019] The LMA Loss Ratio Triangulations, based on data from DXC, provide details and development patterns of gross net premiums (gross of reinsurance, net of acquisition costs), paid and incurred claims for each Lloyd’s risk code by year of account.

SCAP - one year in [LMA19-017-LE, 4/29/2019] The Single Claims Agreement Party (SCAP) clause has been available to the London Market since February 2018.

Elections to the LMA Board 2019 - Ballot paper [LMA19-015-SM, 4/9/2019] There are four candidates standing for three vacancies on the LMA Board for 2019.

Consumer Wordings Guidance v5.0 [LMA19-013-AC, 3/29/2019] 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.

DA SATS Endorsements [LMA19-012-TH, 3/21/2019] DA SATS was launched in late 2018 as a platform to assist the market to manage bordereaux information and data gathered under binding authorities.

Delegated Claims Oversight Strategy - Consultation on Core Deliverables [LMA19-011-TH, 3/20/2019] The LMA are now in a position to publish the deliverables within a consultation phase for Delegated Claims which is scheduled to end on 5 April 2019.

Joint Energy Claims Group: 2019 Election Results [LMA19-010-JSN, 3/13/2019] Following the recent call for nominations from the electorate and subsequent election for available places on Joint Energy Claims Group (JECG) as large number of votes were received which did not clearly distinguish between nominees.

LMA Board Elections [LMA19-009-GB, 2/28/2019] The purpose of this letter is to set out the process and timetable for the 2019 election for directors to the LMA Board.

Joint Committee Elections: 2019 Election Results [LMA19-008-JS, 2/27/2019] Following the recent call for nominations from the electorate and subsequent elections for available places on the Joint Cargo, Joint Rig and Joint Specie Committees', the elections results are linked below:

New South Wales Emergency Services Levy [LMA19-007-PD, 1/28/2019] Insurers writing relevant classes of business in New South Wales (NSW) are required to charge an Emergency Services Levy (ESL) alongside the risk premium to cover their contribution to the emergency services annual budget.

LMA Risk Code Triangulation Reports – Q4 2018 [LMA19-006-PD, 1/25/2019] The LMA Risk Code Triangulation Reports for Q4 2018, using data supplied by Xchanging, have now been published on the LMA website.

LMA Risk Code Triangulation Reports – Q4 2018 [LMA19-006-PD, 1/25/2019] The LMA Risk Code Triangulation Reports for Q4 2018, using data supplied by Xchanging, have now been published on the LMA website.

New claims committee governance structure [LMA19-005-EW, 1/22/2019] The LMA Claims team has completed a review of the way that our claims committees are structured and run.

Election Results: Terrorism and Political Violence Business Panel 2019 [LMA19-004-LA, 1/8/2019] 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 [LMA19-003-PD, 1/5/2019] Following the recent ballot, the following people have been elected to the Worldwide Property Business Panel (WWPBP) for a three-year term.

Election Results: Personal Accident Business Panel [LMA19-001-DP, 1/4/2019] Following the recent ballot, eight individuals have been elected as members to the Personal Accident Business Panel (PABP) for a five year term.

Election Results: Joint Power Generation Committee 2019 [LMA19-002-PD, 1/4/2019] Following the recent ballot, seven individuals have been elected as members to the Joint Power Generation Committee (JPGC) for a three-year term.

Market Reform Contract Endorsement (MRCE) Guidance v1.3 [LMA18-056-AC, 12/28/2018] 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 [LMA18-055-PD, 12/27/2018] The LMA’s Onshore Energy Business panel (OEBP) Engineering Sub-Group has updated three risk engineering documents originally published in 2015.

Business Interruption worksheets [LMA18-054-PD, 12/21/2018] 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 [LMA18-053-PD, 12/20/2018] 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 [LMA18-052-TH, 12/18/2018] In collaboration with the LMACC and the Lloyd’s claims team, the LMA is implementing an enhanced delegated claims model which encompasses a long term delegated claims strategy.

Gemini Claims Expert Management Hub - Now Live [LMA18-051-TB, 11/30/2018] 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.

Consumer Wordings Guidance v4.2 [LMA18-050-AC, 11/28/2018] 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.

LMA Risk Code Triangulation Reports – Q3 2018 [LMA18-049-PD, 11/12/2018] The LMA Risk Code Triangulation Reports for Q3 2018, using data supplied by Xchanging, have now been published on the LMA website.

Lloyd’s Risk Location and Stamp Decision Guidance (Lloyd's Brussels) [LMA18-048-PD, 11/6/2018] In the event of a hard Brexit in March 2019, Lloyd’s syndicates will no longer be licensed to write EEA (and Monaco) risks on syndicate paper.

Lloyd’s Brussels TPA Agreement [LMA18-047-TH, 11/5/2018] The Lloyd’s Brussels TPA agreement (LBS0065) has been published to support the management of outsourced claims entities from the EEA by Lloyd’s Brussels.

Co-Lead Claims Agreement [LMA18-046-TH, 10/19/2018] This bulletin both introduces and publishes the co-lead claims agreement, to support the streamlining of the co-lead claims agreement process within the Lloyd’s market.

Lloyd's Brussels: placement process for delegated authority business from 01 January 2019 [LMA18-045-TH, 10/3/2018] Lloyd’s Brussels will underwrite non-life insurance and facultative reinsurance risks located in EEA countries with effect 2019. This bulletin provides documentation and guidance to a number of elements of that placement process for DA business.

Brexit – placing of EEA/non-EEA risks post 01 January 2019 [LMA18-044-AC, 10/2/2018] Lloyd’s has established a new insurance company based in Brussels. From 01 January 2019, placements under a syndicate and LBS stamp will have to be priced separately.

Delegated Claims Oversight Strategy [LMA18-043-TH, 9/27/2018] The main aims of the program are to provide an improved and more consistent DA experience for TPAs, improved service for customers and increased indemnity accuracy.

DS1017 CAT DOI Reporting app - now live [LMA18-042-JW, 9/26/2018] The LMA have been working with DXC to create a live reporting app which will allow managing agents to access the required claims data to assist with the compilation of returns.

Single Claims Agreement Party (SCAP) - implementation of the Operating Model [LMA18-041-LE, 9/18/2018] An update is being provided to the market regarding the confirmation that enhancements were to be delivered to support the operation of SCAP in Q4 2018, allowing carriers to consider the changes, the impact and the benefit to the SCAP operating model

Market Reform Contract Guidance [LMA18-040-AC, 9/6/2018] Lloyd’s has established a new insurance company based in Brussels (Lloyd’s Insurance Company S.A., known as Lloyd’s Brussels), to underwrite non-life insurance and facultative reinsurance risks located in EEA countries with effect from 01 Jan 2019.

Lloyd’s Brussels Subsidiary (LBS) Policy Documentation [LMA18-039-AC, 9/3/2018] To support the underwriting of EEA risks by Lloyd’s Brussels (i.e. for policies incepting on or after 01 January 2019), Lloyd’s, in conjunction with the LMA, has prepared a new suite of policy documentation for Lloyd’s Brussels.

LMA Risk Code Triangulation Reports – Q2 2018 [LMA18-038-PD, 8/3/2018] The LMA Risk Code Triangulation Reports for Q2 2018, using data supplied by Xchanging, have now been published.

GEMINI – A Claims Expert Management Hub [LMA18-036-LE, 7/30/2018] An update on the delivery of the claims expert management hub, following approval from the LMACC and support from the claims community in 2017, and market consultation in Q1 2018.

Model Insurance Product Information Documents (IPIDs) [LMA18-037-AC, 7/26/2018] The LMA, in conjunction with the Wordings Forum, has prepared model IPIDs for four of the five consumer products for which we already have model wordings, which are now also in the Lloyd’s Wordings Repository (LWR).

Model Business Interruption Extension Wordings [LMA18-035-AC, 7/24/2018] The LMA Wordings Forum’s Business Interruption Working Party have been working on a suite of model business interruption (BI) specifications for use as extensions to property damage wordings.

Single Claims Agreement Party (SCAP) - Enhancing the Operating Model [LMA18-034-LE, 7/17/2018] Following the LMACC and Claims TOM Steer Co's decision to priortise SCAP, a cross market working group has identified opportunities to enhance its operation

Senior Managers & Certification Regime guidance issued [LMA18-033-SM, 7/5/2018] The PRA has published its final rules and the FCA has published its near final rules on the Senior Managers & Certification Regime.

Election Results: Worldwide Property Business Panel 2018 [LMA18-032-PD, 6/29/2018] After the recent ballot to fill six vacancies on the LMA Worldwide Property Business Panel, the following individuals have now been elected for a three year term

Election Results: Personal Accident Business Panel 2018 [LMA18-031-DP, 6/21/2018] Following the recent ballot to fill two vacancies on the LMA Personal Accident Business Panel, two individuals have now been elected for a five year term

Consumer Wordings Guidance v4.1 [LMA18-030-AC, 6/18/2018] 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.

New South Wales Emergency Services Levy [LMA18-029-PD, 6/12/2018] The New South Wales (NSW) government reversed its decision to transition from a levy charged on insurance premiums to a property-based levy for the funding of emergency services.

Onshore Energy Business Panel – Mothballing & Recommissioning Questionnaire (LMA9142) [LMA18-028-PD, 5/23/2018] The LMA’s Onshore Energy Business Panel has published a Mothballing and Recommissioning Questionnaire (LMA9142) for use in the onshore oil, gas and petrochemical market.

LMA General Data Protection Regulation Guide [LMA18-027-KK, 5/17/2018] The GDPR came in to effect on Friday 25 May 2018. The LMA, jointly with DAC Beachcroft, has produced market guidance on the application of the GDPR in the Insurance Industry.

LMA Risk Code Triangulation Reports – Q1 2018 [LMA18-026-PD, 5/3/2018] The LMA Risk Code Triangulation Reports for Q1 2018, using data supplied by Xchanging, have now been published.

Lloyd's UK Terrorism Endorsement [LMA18-025-AC, 5/1/2018] The Pool Re Underwriting Manual v 7.0 came into effect on 01 April 2018. Amongst other things, the new Manual incorporates a change to the cyber cover provided by Pool Re which, in turn, requires changes to members’ policies.

GDPR - Information Notices and model wordings [LMA18-023-AC, 4/25/2018] In conjunction with Clyde & Co, the LMA has now produced a model (Layer 1) Short Form Notice and ancillary consent language / policy clauses, which are available on the LWR.

Brexit Binding Authority Sunset Endorsement [LMA18-022-TH, 4/24/2018] The LMA has now drafted the below model clause to assist in managing the transition of binding authority business to Lloyd’s Brussels Subsidiary (LBS) in respect of Brexit.

SCAP and ECF Claims Best Practice Online Training [LMA18-021-SB, 4/16/2018] This online training follows a similar format to the masterclasses held in January and February and to make them as interactive as possible, they have been designed in a scenario-based format that is thought provoking for the user.

LMA Board Election Results 2018 [LMA18-020-GB, 4/3/2018] The LMA has announced the four successful candidates for membership of its Board: David Croom-Johnson, Aegis; Stephen Eccles, Argo; Richard Harries, Atrium and; Matthew Shaw, Chubb.

Risk Transfer and Non Risk Transfer Terms of Business Agreements: GDPR and Criminal Finances Act 2017 [LMA18-019-KK, 3/22/2018] The LMA, in conjunction with LIIBA, has amended the model Non Risk Transfer Terms of Business Agreement and Risk Transfer Terms of Business Agreement to reflect GDPR and the Criminal Finances Act 2017.

Australian Complaints Endorsements to Binding Authorities [LMA18-018-TH, 3/14/2018] The LMA has now drafted clauses to address Lloyd’s requirements for complaints handling under binding authorities for Australian complaints.

GDPR and Criminal Finances Act 2017 - Model Agreements [LMA18-017-KK, 3/5/2018] The LMA has amended the market model agreements to reflect the General Data Protection Regulation (which comes into effect in May 2018) and the Criminal Finances Act 2017 (already in effect).

Marine & Aviation Committees: 2018 Election Results [LMA18-016-NR, 3/5/2018] Results have been announced following elections for available places on the LMA Aviation Committee, LMA Marine Committee and a number of Joint LMA/IUA marine-related committees.

LMA Guidance for UK Coverholders: Insurance Distribution Directive [LMA18-014-SM, 2/28/2018] The Guidance covers various aspects of IDD including product oversight & governance, manufacturer responsibilities and Insurance Product Information Documents (IPIDs).

LMA Board Elections [LMA18-015-GB, 2/28/2018] LMA members have the opportunity to nominate candidates, who must be an employee or officer of an LMA full member and must be supported by three LMA full members in addition to the candidate’s own member firm.

LMA Launches Claims Development Pathway [LMA18-013-LE, 2/21/2018] 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.

LMA Guidance: GDPR Core Uses Information Notice [LMA18-012-SM, 2/16/2018] The LMA, jointly with Norton Rose Fulbright, has published guidance to assist insurance market participants with their use of the Core Insurance Information Notice

Coverholder and TPA Model GDPR Readiness Questionnaire [LMA18-009-TH, 2/14/2018] The LMA has drafted a model questionnaire in conjunction with the market and Lloyd’s to support managing agents in confirming that coverholders and TPAs will be compliant with GDPR.

Coverholder Audit Scope [LMA18-011-TH, 2/14/2018] The final version of the updated Coverholder Audit Scope has now been published and can be found on the Coverholder Audit page of the LMA website.

Consumer Wordings Guidance v4.0 [LMA18-010-AC, 2/14/2018] 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.

LMA market guidance – Duty of confidentiality [LMA18-008-KK, 2/12/2018] The LMA market guidance is a reminder about relevant law and regulation concerning confidentiality and the serious potential consequences of breach, both at a personal member-of-staff level and at corporate level.

London market Single Claims Agreement Party Model goes live [LMA18-007-LE, 2/2/2018] A transformational new model that will simplify how claims within the London market are handled is launched yesterday in an effort to improve client service and streamline claims agreement across the London market.

Market Reform Contract Guidance [LMA18-006-AC, 2/1/2018] In accordance with previous practice, a cross-market group has carried out the annual review of the MRC Open Market guidance. This has resulted in a new version (v 1.8) of the MRC guidance containing relatively minor enhancements.

Complaints Endorsements to Binding Authorities [LMA18-005-TH, 1/31/2018] The LMA has drafted a suite of clauses to attach to binding authority agreements incorporating the requirements for these territories.

LMA Risk Code Triangulation Reports – Q4 2017 [LMA18-004-PD, 1/30/2018] The LMA Risk Code Triangulation Reports for Q4 2017, using data supplied by Xchanging, have now been published.

Data Protection Bill - House of Lords Third Reading [LMA18-003-KK, 1/22/2018] At the Third Reading on 17 January 2018, the House of Lords passed a Government-tabled amendment to Schedule 1 of the Data Protection Bill, which provides insurers with a new ground to process selected types of Special Category Personal Data, includi

Onshore Energy Business Panel – Mothballing & Recommissioning Questionnaire (LMA9142) [LMA18-002-PD, 1/16/2018] The new questionnaire follows a similar format to the questionnaire attached to LMA5197A but with specific focus on the steps taken by an insured when mothballing a plant as well as the process being followed prior to recommissioning.

Election Results: Personal Accident Business Panel 2018 [LMA18-001-DP, 1/2/2018] Following the recent ballot, nine individuals have been elected as members to the Personal Accident Business Panel (PABP) for a five year term

Election Results: Worldwide Property Business Panel 2018 [LMA17-041-PD, 12/27/2017] Following the recent ballot, five individuals have been elected as members to the Worldwide Property Business Panel (WWPBP) for a three year term

Election Results: Joint Power Generation Committee [LMA17-040-PD, 12/22/2017] Following the recent ballot, seven individuals have been elected as members to the Joint Power Generation Committee for a three-year term

Election Results: Terrorism and Political Violence Business Panel [LMA17-039-LA, 12/21/2017] Following the recent ballot, four individuals have been elected as members to the Terrorism and Politcal Violence Business Panel (TPVBP) for a three year term

Data Protection - London Market Core Uses Information Notice [LMA17-038-MS, 11/29/2017] This Core Uses Information Notice is designed to help data subjects understand how various insurance market participants process their personal data in respect of core activities through the insurance lifecycle.

Single Claims Agreement Update [LMA17-037-LE, 11/28/2017] Lloyd’s and the LMA have asked underwriting and claims departments within managing agencies to be diligent when reviewing contract clauses within placements. At this point, SCAP (or equivalent wordings) should not be adopted in placements.

LMA Risk Code Triangulation Reports – Q3 2017 [LMA17-036-PD, 10/30/2017] The LMA Risk Code Triangulation Reports for Q3 2017, using data supplied by Xchanging, have now been published.

Applicable Law and Jurisdiction Post-Brexit [LMA17-035-KK, 10/19/2017] This LMA briefing note is relevant to insurance and reinsurance contracts being underwritten now, where property or other risks are located or interested parties are resident in an EU member state, since a dispute may arise after the Brexit date.

DA data standards now live on Market Business Glossary [LMA17-034-TH, 10/11/2017] The LM TOM Market Business Glossary is now live and available to all market participants. Release 1 of the capability is focussed on the reporting of premium and claims data for coverholders, making the process more intuitive and efficient.

Cyber Security & Safety Consideration for Oil, Gas & Petrochemical Risk Assessment [LMA17-033-PD, 9/18/2017] The ESG of the LMA’s OEBP has published a document which provides guidance to onshore oil, gas & petrochemical underwriters and risk engineers in respect of the threat of cyber-attack and the measures which can be taken to eliminate this threat.

Major Claims Return (MCR) template for Hurricane Harvey [LMA17-032-GB, 9/13/2017] The Major Claims Return (MCR) template for Hurricane Harvey, which was distributed to the market by Lloyd's this week, has been added to the Cat Risk Resources section of the LMA website.

Single Claims Agreement Party; Notice of 30 day Consultation [LMA17-031-LE, 9/5/2017] Following a proposal from LIIBA in 2016, the LMA, IUA, LIIBA, and Lloyd’s announced in March 2017 their respective boards’ support for the development of a Single Claims Agreement Party (SCAP) arrangement and a market consultation has now been agreed

New South Wales Emergency Services Levy [LMA17-030-PD, 8/4/2017] The New South Wales (NSW) government has reversed its decision to transition from a levy charged on insurance premiums to a property-based levy for funding of emergency services.

LMA Risk Code Triangulation Reports – Q2 2017 [LMA17-029-PD, 7/24/2017] The LMA Risk Code Triangulation Reports for Q2 2017, using data supplied by Xchanging, have now been published.

Lloyd's UK Terrorism Endorsment [LMA17-028-AC, 7/4/2017] Following discussion with Pool Re, and in conjunction with the LMA Wordings & Contracts Forum, the LMA UK Property Panel has subsequently amended the Lloyd’s UK Terrorism Endorsement.

LMACC agree to fund Claims Imagery & Intelligence Service [LMA17-027-LE, 6/27/2017] Managing agent representatives, LMA and Lloyd’s have supported the delivery of a Satellite Imagery & Intelligence Service that can benefit claims and exposure management pre and post-CAT event.

LMA3145 – Model Consortium Agreement [LMA17-026-AC, 6/20/2017] The LMA has published a new model Consortium Agreement. These documents have been produced with legal input provided by Clyde & Co LLP, and the market model and guidance have both been endorsed by LIIBA on behalf of its members.

LMA launches online resource for FI/PI claims handlers [LMA17-025-RCE, 6/14/2017] The LMA Financial Institutions & Professional Indemnity Claims Committee (FIPICC) has announced the launch of ‘FiPi-pedia’ - an online resource for FI/PI claims handlers.

Coverholder Audit Scope Pilot [LMA17-023-TH, 5/26/2017] The LMA Coverholder Audit Scope has now completed an extensive consultation with the market and is available for use in a pilot phase, which will run until mid Q3 2017.

LMA and FinTech provider Vitesse partnership enhances claims management [LMA17-024-LE, 5/26/2017] The LMA is working in collaboration with Vitesse - an FCA regulated, FinTech payment, collections, treasury and fund management company - who has recently initiated a pilot phase with some of the market's managing agents to support and add value to t

Best Practice Guidance for Leads following Discount Rate review [LMA17-022-RCE, 5/16/2017] Following the change in the discount rate which came into effect on 20 March 2017, the LMA’s Reinsurance Casualty Claims Group have created a ‘best practice’ guidance for Leads.

LMA Risk Code Triangulation Reports – Q1 2017 [LMA17-021-PD, 5/5/2017] The LMA Risk Code Triangulation Reports for Q1 2017, using data supplied by Xchanging, have now been published.

LMA Guide to Claims: Lloyd’s and London Market Claims Activity [LMA17-020-LE, 5/2/2017] The LMA Guide to Claims has been reviewed and updated and is available to download.The Guide covers current processes, claims activity, initiatives and projects as well as useful supporting information.

Late payment damages – Enterprise Act 2016 provisions come into force on 4 May 2017 [LMA17-019-KK, 4/27/2017] The “late payment damages” provisions contained in the Enterprise Act 2016, which amended the Insurance Act 2015 (sections 13A and 16A), come into force in one week, on 4 May 2017.

Notice of Annual General Meeting [LMA17-018-SM, 4/24/2017] This Bulletin is formal notice to LMA Members that the 2017 Annual General Meeting of the LMA will be held on Wednesday 17 May 2017

EU Contract Continuity Clause [LMA17-017-AC, 4/19/2017] The LMA has published a new model clause designed to give enhanced contract certainty on the occurrence of an ‘event’, as described therein, associated with membership of the EU or economic or monetary union in the EU.

Consumer Wordings Guidance v3.0 [LMA17-016-AC, 4/19/2017] The latest version of the Joint LMA/Clyde & Co Guidance on Consumer Wordings is now available to download.

Market Reform Contract (Binding Authority) Guidance – new version 1.5 [LMA17-015-AC, 3/31/2017] The resulting Market Reform Contract (Binding Authority) Guidance (v1.5) has now been published by LMG and contains relatively minor enhancements.The revised guidance can be used immediately but may also be phased in over a four month period, hence b

Competition Law Guidance [LMA17-014-KK, 3/29/2017] The LMA has updated its Competition Law Guidance in response to the decision of the European Commission not to renew the Insurance Block Exemption Regulation (‘IBER’), which lapses on 31 March 2017.

Single Claims Agreement update [LMA17-013-LE, 3/27/2017] This collaborative cross-market initiative seeks to enhance the London claims service for the customer and is a key step to modernising and streamlining existing Lloyd’s and IUA claims agreement models.

LMA Board Election Results 2017 [LMA17-012-GB, 3/22/2017] The LMA has announced the five successful candidates for membership of its Board: Neil Maidment, Beazley; Paul Jardine, Catlin; Matthew Wilson, Brit; Tom Clementi, MS Amlin and; Julian Tighe, Asta.

The Financial Reporting Council (FRC) to review Lloyd’s syndicate audits [LMA17-011-KC, 3/17/2017] The Financial Reporting Council (FRC) is set to review Lloyd's syndicate audits as part of its sample for 2017. This communication highlights the key procedures for this audit.

Own Risk & Solvency Assessment (ORSA) reports guidance [LMA17-009-GB, 2/13/2017] Attached is a short guidance document prepared by a sub-group of the Chief Risk Officers’ Committee of the LMA. It provides a view from CROs in the London market on how ORSA reports can best be used to promote a risk and capital culture.

Election results: Terrorism and Political Violence Business Panel 2017 [LMA17-008-LA, 2/7/2017] This bulletin announces the new committee members of the Terrorism and Political Violence Business Panel (TPVBP).

XIS/XCS shared services charges for 2017 [LMA17-007-TP, 1/31/2017] The position for 2017 is made more complex as we have to support the current shared services, while embedding and managing the costs associated with the new CSRP Post bind Submission (PbS) modernisation work.

London Market looks ahead: Preparing for the next big insurance event [LMA17-006-DG, 1/31/2017] The white paper is the outcome of a project led by Hiscox for the London market involving 28 organisations; underwriters, brokers, market organisations including LMA and Lloyd's, regulators and the rating agencies.

LMA Risk Code Triangulation Reports – Q4 2016 [LMA17-005-PD, 1/23/2017] The LMA Risk Code Triangulation Reports for Q4 2016, using data supplied by Xchanging, have now been published.

Lloyd's & Xchanging: Updated Sanctions Guidance [LMA17-004-TP, 1/20/2017] This guidance is intended to update carriers and brokers as to changes to the processing of business relating to certain sanctioned countries, entities and currencies.

Election Results: Worldwide Property Business Panel 2017 [LMA17-003-PD, 1/18/2017] This bulletin announces the new committee members of the Worldwide Property Business Panel (WWPBP).

Election results: Personal Accident Business Panel 2017 [LMA17-002-DP, 1/10/2017] This bulletin announces the new committee members of the Personal Accident Business Panel.

Election Results: Joint Power Generation Committee 2017 [LMA17-001-PD, 1/6/2017] This bulletin announces the new committee members of the Joint Power Generation Committee.

Modern Slavery Act – Transparency in Supply Chains [LMA16-049-SM, 12/7/2016] The Modern Slavery Act 2015 is designed to tackle slavery in all its forms and consolidates previous offences relating to trafficking and slavery.

Individual Claim Threshold Change for Bordereaux Claims [LMA16-048-RCE, 12/5/2016] A review of the current thresholds for splitting out bordereaux claims has been completed by the BACG. This communication outlines the changes that have been made in order to align with the 2010 Lloyd’s Claims Scheme thresholds.

Insurance Act 2015 – Duty of Fair Presentation - Clauses [LMA16-047-KvdK, 12/2/2016] The purpose of this bulletin is to inform managing agents about some standard clauses which are being presented to underwriters in the market and the possible legal effect of these.

Consumer Wordings Guidance v2.1 [LMA16-046-AC, 11/30/2016] 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.

Paper to ECF Scanning Service to Cease [LMA16-045-LE, 10/31/2016] As part of its Claims Transformation Programme (CTP) Lloyd’s implemented a service to convert eligible paper-based claims to ECF, which will cease on 31 December.

ECF Systems Processes & Procedures [LMA16-044-LE, 10/26/2016] The latest versions of the ECF Systems Processes & Procedures (SP&P) are now available to download.The documents have been updated to include changes to process or enhancements that have been made throughout 2015 to ECF.

Simultaneous Reinstatement Premiums [LMA16-043-LE, 10/24/2016] After consultation with both managing agents and brokers, it has been identified that the lack of RIP visibility is the main cause for RIPs not being processed. This communication explains the new process that should be taken.

Market Reform Contract (Open Market) Guidance – new version 1.7 [LMA16-041-AC, 10/21/2016] In accordance with previous practice, a cross-market group has carried out the annual review of MRC guidance. This has resulted in a new version (MRC 1.7) of the Open Market Guidance containing relatively minor enhancements.

LMA Risk Code Triangulation Reports – Q3 2016 [LMA16-042-PD, 10/21/2016] The LMA Risk Code Triangulation Reports for Q3 2016, using data supplied by Xchanging, have now been published.

Insurance Act 2015/Enterprise Act 2016 – Suite of LMA model clauses [LMA16-040-AC, 10/13/2016] The LMA has published a suite of eight model clauses for use in connection with the Insurance Act 2015 (as amended by the Enterprise Act 2016) in relation to damages for the late payment of claims.

Joint LMA/IUA guidance to the Enterprise Act 2016 and late payment damages [Joint LMA/IUA guidance to the Enterprise Act 2016 and late payment damages (LMA16-039-KvdK), 10/6/2016] The LMA/IUA Insurance Act guides have been updated to include guidance relating to the Enterprise Act 2016 and damages for late payment of claims.

ECF Paper Sunset Clause [LMA16-038-LE, 9/8/2016] Analysis has been conducted to determine the claim types and classes of business that remain open as paper claim files. This analysis was requested from the LMA Claims Committee (LMACC) and LIIBA to support the directive of a paper sunset clause.

Opportunities to join the ‘Why London’ LMG workstream [LMA16-037-AM, 8/22/2016] The London Market Group (LMG) is inviting two young professionals to join the ‘Why London?’ workstream, which is looking at how the London market can create a compelling story to better sell its products and services around the world.

Australian Fire Brigade Charges Scheme: New South Wales [LMA16-036-PD, 8/15/2016] This bulletin provides members with some important information on changes to the Australian Fire Brigade Charges Scheme in New South Wales.

LMA Risk Code Triangulation Reports – Q2 2016 [LMA16-035-PD, 8/5/2016] The LMA Risk Code Triangulation Reports for Q2 2016, using data supplied by Xchanging, have now been published.

Publication of New Model Clauses - per Consultation Draft 45 (Insurance Act 2015) [LMA16-033-JSN, 7/27/2016] Following publication of Consultation Draft 45 in May, the Aviation Insurance Clauses Group has published new model clauses.

Best practice guidance for use of ‘false’ claims FDOs in the Lloyd’s market [LMA16-032-RCE, 7/14/2016] The LMA has worked with brokers, XIS and XCS to produce a document designed to give brokers and managing agents some guidance as to when 'false' claims FDOs can and cannot be used, and suggests best practice.

New email submission process for paper files [LMA16-031-RCE, 7/6/2016] This communication outlines the new process that is available to all brokers and managing agents to utilise on claims for any class of business that remain out of scope for ECF.

Insurance Act Wordings Review : LMA Update [LMA16-030-KK, 6/24/2016] As set out in previous bulletins, the LMA has conducted a search of the Lloyd’s Wordings Repository (LWR) to identify wordings for review in light of the Insurance Act 2015.

LMA Guide to Claims: Lloyd's and London Market Claims Activity [LMA16-027-SB, 6/6/2016] The latest issue of the 'LMA Guide to Claims’ and the accompanying glossary is now available to download.

ECF decommission and IMR re-platform [LMA16-026-LE, 5/25/2016] The ECF User Group is reminding all users of the decommission of ECF1 (Lloyd's only) claim agreement screens from 26 June 2016.

LMA Aviation Committee Election: Post Mid Term Election [AV2016/007, 5/24/2016] Following the recent call for nominations from the electorate, six nominees put themselves forward for the two places available. This bulletin announces the LMA Aviation Committee for 2016.

TBA Purging Rule Change [LMA16-025-LE, 5/23/2016] The LMA would like to advise the market that the purging rules are being amended from 1 June 2016.

New South Wales Emergency Services Levy [LMA16-024-PD, 5/19/2016] The newly created Emergency Service Levy Insurance Monitor in that State has recently published a letter providing further information on the transition from the ESL to a property-based levy.

Enterprise Act 2016: late payment of insurance claims [LMA16-023-KK, 5/12/2016] The Enterprise Bill received Royal Assent on 4 May and is now the Enterprise Act 2016. This means that the Insurance Act 2015 will be amended to contain the provisions for late payment of insurance claims.

LMA Risk Code Triangulation Reports – Q1 2016 [LMA16-021-PD, 4/27/2016] The LMA Risk Code Triangulation Reports for Q1 2016, using data supplied by Xchanging, have now been published.

Notice of Annual General Meeting [LMA16-022-SM, 4/27/2016] This Bulletin is formal notice to LMA Members that the 2016 Annual General Meeting of the LMA will be held on Wednesday 18 May 2016

New Aviation Clauses - Cancellation Tables [AV2016-004, 4/19/2016] Following the publication of CD44 in December 2015, the Aviation Insurance Clauses Group has now published two new clauses.

Insurance Act 2015 – Suite of LMA model clauses [LMA16-020-AC, 3/17/2016] The LMA has published a suite of 18 model clauses for use in connection with the Insurance Act 2015. In addition, the LMA has produced supporting guidance to explain the suite of model clauses.

ECF Training and Perception Programme Update [LMA16-019-SB, 3/16/2016] Further to LMA Bulletin LMA15-061-SB which provided an overview of the ECF Training and Perception Programme, we are pleased to advise that the interactive online training will be available from April 2016.

FCA decision not to publish claims ratios [LMA16-018-LE, 3/10/2016] The Financial Conduct Authority (FCA) has announced that it will not be publishing claims ratios as a method for consumers to assess the value of insurance products.

Update: Solvency II Pillar 3 - Claims Data Collection Requirements [LMA16-017-RCE, 3/9/2016] This Bulletin sets out the Lloyd's reporting process with regards to Solvency II Pillar 3 data collection requirements.

London Market Processing – An LMA Guide [LMA16-016-RG, 3/6/2016] The latest issue of the 'LMA Guide to London Market Processing' and the accompanying glossary is now available to download.

Conduct Risk Product Information for Followers on Binding Authorities [LMA16-015-AC, 2/25/2016] Conduct Risk Product Information for Followers on Binding Authorities Lloyd’s Conduct Minimum Standards (MS11 - CR 5) require that managing agents assess the product risk of a product with regards to the factors outlined in this communication.

Updated Cause Code List - amended excel version [LMA16-011-RCE, 2/11/2016] Further to new cause codes being made available on 01 February 2016, please find an amended excel version of the codes available for download.

International Casualty Treaty Fines and Penalties Exclusions [LMA16-010-PD, 2/4/2016] In conjunction with the International Casualty Reinsurance Business Panel, the LMA has produced the fines and penalties model clauses.

LMA Marine Committee for 2016 [LMA16-009-NR, 1/26/2016] Following the recent call for nominations from the electorate, twelve nominees put themselves forward for the ten places available. This bulletin announces the LMA Marine Committee for 2016.

Updated Cause Code List [LMA16-008-RCE, 1/25/2016] Following the issuance of a new cause code list last year, the LMA’s class of business claims sector groups have undertaken a review of the list.

Consumer Wordings Guidance v2.0 [LMA16-006-AC, 1/14/2016] We have issued a revised edition of its Consumer Wordings Guidance v2.0, which was first published on 27 April 2015.

Solvency II Pillar 3 - Claims Data Collection Requirements [LMA16-005-RCE, 1/14/2016] This bulletin outlines the information managing agents in a lead capacity need to know in order to initiate claims data collection from January 2016.

Report from the Chair of the Associations' Administration Committee [LMA16-004-RG, 1/13/2016] This update from Mark Chapman, Chair of the AAC, provides a report of AAC’s activities over the period since December 2014.

Expert Management and Data Management [LMA16-003-LE, 1/11/2016] There are currently many challenges in accurately recording experts and their relating fees when handling a claim. This communication seeks to clarify the areas of expert management.

Election results: Non-Marine Business Panels [LMA16-002-PD, 1/5/2016] This bulletin announces the new committee members for the Non-Marine Business Panels.

Election results: Personal Accident Business Panel [LMA16-001-AG, 1/4/2016] This bulletin announces the new committee members of the Personal Accident Business Panel.

Lloyd's Model Generic Certificate [LMA15-067-AC, 12/22/2015] In conjunction with the Lloyd's legal team and the Lloyd's delegated underwriting team, the LMA has carried out a project to review and update the model certificates/jackets used for the production of contract documentation under a Binding Authority.

Update on Insurance Act 2015 Wordings Review [LMA15-068-DP, 12/22/2015] LMA has conducted a search of the Lloyd’s Wordings Repository, and has identified wordings that need reviewing in light of the Insurance Act 2015. View the flagged wordings on this bulletin.

Standard LMA Aviation Terms of Engagement for surveyors/loss adjusters [LMA15-066-RCE, 12/17/2015] The LMA Aviation Claims Group (ACG) has produced an LMA Aviation Terms of Engagement (LATOE 2015) for the Lloyd’s Aviation Market.

ECF Training and Perception Programme Update [LMA15-065-SB, 12/16/2015] Further to the LMA Bulletin LMA15-61-SB which provided an overview of the ECF and Perception Programme, we are pleased to announce the available dates for the masterclasses.

Election results: International Professional Indemnity Business Panel [LMA15-064-TE, 12/1/2015] This bulletin announces the new committee members of the recently formed International Professional Indemnity Business Panel.

Contractors' Plant & Equipment Wording [LMA15-063-DP, 11/20/2015] In conjunction with the Political Risk panel, the LMA has produced a new Comprehensive Contractors' Plant Insurance model clause.

Cyber Loss Exclusion (Property Treaty Reinsurance) and Cyber Loss Limited Exclusion (Property Treaty Reinsurance) [LMA15-062-PD, 11/13/2015] In conjunction with the Property Reinsurance Business Panel, the LMA has produced the model clauses that can be found in this bulletin.

ECF Training and Perception Programme [LMA15-061-SB, 11/9/2015] Due to a significant amount of change and modernisation in the claims community, specifically in relation to system enhancements and changes to ECF, the ECF Best Practice Group has been evaluating what training is needed to support the market.

Help shape the Target Operating Model (TOM) initiatives – apply to join the working groups [LMA15-060-AS, 11/5/2015] The London Market Group (LMG) is inviting one or two young professionals to join each of the eight main initiatives within the TOM to assist in the design and build of each area. Applications are open until 17.00 on 12 November 2015.

Delegated Claims Authority - Performance Monitoring Minimum Standards - Coverholders Only [LMA15-059-SB, 10/28/2015] LMA has produced a performance management information indicators spreadsheet to assist managing agents' oversight of the claims performance of their coverholders.

Proposed New LPSO Agreement [LMA15-058-RG, 10/27/2015] The present agreement has not changed since 2006 and consequently does not meet current expectations for legal and regulatory compliance as we approach the start of Solvency II.

Market Reform Contract (Master Policies) Guidance - Version 1.0 [LMA15-057-AG, 10/22/2015] Members are advised that London Market Group (LMG) in conjunction with the the LMA's Binding Authority Wordings Committee has produced a new Market Reform Contract (MRC) standard for Master/Group Policies.

LMA Risk Code Triangulation Reports - Q3, 2015 [LMA15-056-PD, 10/19/2015] The LMA Risk Code Triangulation Reports for Q3 2015, using data supplied by Xchanging, have now been published on the LMA website. These are available to LMA members only and you need to be logged in to access them.

Multi-Year Binding Authority Agreements [LMA15-055-AG, 10/15/2015] LMA has produced Multi-Year versions of the Model Binding Authority Agreements and accompanying Guidance Notes.

LMA Claims Team at London Market Claims 2015 [LMA15-054-RG, 9/24/2015] The LMA Claims team will be joining the exhibitors at the next London Market Claims conference on Thursday 15 October 2015.

London Market Processing – An LMA Guide [LMA15-053-RG, 9/23/2015] The latest issue of the 'LMA Guide to London Market Processing' and the accompanying glossary is now available to download.

Aviation Insurer Certificates Database [LMA15-052-JSN, 9/22/2015] The LMA and IUA have worked over the past year towards revamping the aviation certificates database (AICD) and verifying its content; which is now accessible for your use.

Updated Senior Insurance Managers Regime (SIMR) Guidance Issued [LMA15-051-SM, 9/21/2015] Following publication of the final PRA and FCA rules, we have updated our SIMR Guidance.

LMA International Professional Liability Business Panel - 2015 Election Arrangements [LMA15-049-TE, 9/15/2015] it has now been agreed that following a successful trial, International Professional Liability Interest Group is now seeking nominations for an LMA accredited committee.

Power Generation Risk Engineering Surveys [LMA15-050-PD, 9/15/2015] The Engineering Sub-Group of the Joint Power Generation Committee (JPGC) has developed a number of documents designed to improve risk engineering surveys.

London Market Target Operating Model (TOM) Update - cost benefit tool [LMA15-048-RG, 9/14/2015] This bulletin publishes a cost benefit tool for use by managing agents to assess the costs and benefits of TOM in the context of your individual business.

Service Company Underwriting Agreement [LMA15-047-AG, 9/10/2015] Members are advised that the LMA Binding Authority Wordings Committee has produced an updated version of the Model Service Company Underwriting Agreement and accompanying Guidance Notes.

September Release Update – Uber Precautionary Claims (Lloyd’s Only) [LMA15-045-LE, 9/7/2015] The Electronic Claim File User Group (ECFUG) wish to provide the Lloyd’s market with an overview of the 'Uber' Precautionary (outstanding qualifier) change that will be implemented within the 27 September release.

London Market Target Operating Model (TOM) Update [LMA15-046-RG, 9/7/2015] This bulletin is intended to provide CEOs and COOs with the latest information on the Target Operating Model (TOM) programme.

Election Results: Delegated Authority Operations Committee (DAOC) [LMA15-044-PJ, 9/1/2015] Following a recent ballot, this bulletin announces the two nominees who have been elected to the DAOC.

CTP guidelines for marine claims [LMA15-043-RCE, 8/25/2015] This bulletin is to remind you that the Claims Transformation Programme (CTP) guidelines for marine claims are available for members to download at any time.

CTP guidelines for claims experts [LMA15-042-RCE, 8/24/2015] The Financial Institutions and Professional Indemnity Claims Committee have developed a Claims Transformation Programme (CTP) guidance document for experts.

Delegated Authority Operations Committee: Election of New Members [LMA15-041-PJ, 8/17/2015] 12 nominations have been received for the two available places on the Delegated Authority Operations Committee. We will therefore proceed to hold an election.

Quick Reference Guide to the Insurance Act 2015 [LMA15-040-KK, 8/6/2015] The LMA has published a 'Quick Reference Guide' to the Insurance Act today. This complements the detailed 'The Insurance Act 2015: A practical guide to changes in UK Insurance Law', published on 11 June 2015.

Important Electronic Claim File (ECF) Changes [LMA15-039-LE, 8/5/2015] The Electronic Claim File User Group (ECFUG) wish to provide the market with some important news on ECF which impacts all carriers from February 2016.

Delegated Claims Authority - Performance Monitoring Minimum Standards [LMA15-038-RG, 8/5/2015] This bulletin provides members with an update on the Delegated Claims Authority Performance Monitoring Minimum Standards.

XCS Technical Processing Contract: Areas of Clarification [LMA15-037-LE, 8/4/2015] This bulletin provides clarity and guidance to managing agents and XCS Technical Processing on the roles and responsibilities of parties under the revised Technical Processing Contract that came into force on 1 June 2014.

Delegated Authority Operations Committee: Election of New Members [LMA15-035-PJ, 8/4/2015] The Delegated Authority Operations Committee (DAOC) currently has two vacancies for individuals from managing agents not currently represented on the DAOC.

A Bluffers Guide to Claims: Lloyd’s and London Market Claims Activity [LMA15-036-SB, 8/3/2015] The claims team have produced ‘A Bluffers Guide to Claims’ to provide members with an overview of current claims processes and related claims activity.

Revised Pool Re Manual v.6 [LMA15-034-AC, 7/29/2015] Two LMA committees have produced updated wordings in response to Pool Re's new underwriting manual to its members.

LMA Risk Code Triangulation Reports – Q2, 2015 [LMA15-033-PD, 7/28/2015] The LMA Risk Code Triangulation Reports for Q2 2015, using data supplied by Xchanging, have now been published.

Consumer Wordings Guidance v1.1 [LMA15-032-AC, 7/27/2015] The LMA has issued a revised edition of its Consumer Wordings Guidance, which was first published on 27 April 2015.

Market Reform Contract (Open Market) Guidance – new version 1.6 [LMA15-031-AC, 7/24/2015] In accordance with previous practice, a cross-market group has carried out the annual review of the Market Reform Contract (MRC) guidance. This has resulted in a new version (MRC 1.6) of the 'Open Market' Guidance containing relatively minor enhancem

Update: Australian Fire Brigade Charges Scheme Collection Monitoring [LMA15-028-PD, 7/14/2015] This Bulletin provides an update of requirements for Australian Fire Brigade Charges Scheme Collection Monitoring.

Senior Insurance Managers Regime guidance issued [LMA15-027-SM, 7/1/2015] The LMA has prepared guidance for managing agents on the proposed new Senior Insurance Managers Regime (SIMR). This comes into force on 1 January 2016, replacing the current Approved Persons regime.

LMA Eurozone Guidance and Model Wordings [LMA15-026-KvdK, 6/25/2015] Due to the continued uncertainty surrounding the potential for a Greek exit from the Eurozone, this Bulletin is a reminder of the following guidance and model clauses published previously by the LMA.

Joint LMA/IUA Guide on the Insurance Act 2015 [LMA15-025-KK, 6/11/2015] The LMA and IUA publish their joint Guide on the Insurance Act today. This is available to download from the LMA website.

Reminder: Cause Codes Review and Related ECF System Change [LMA15-024-RCE, 6/2/2015] Further to LMA Bulletin LMA15-013-RCE on 19 March, this is a reminder that the system change to ECF and the new cause codes will come into effect from 21 June.

Cross Market Disaster Recovery Report [LMA15-023-RG, 6/1/2015] This communication publishes the findings and recommendations of the Cross Market Disaster Recovery Group (CMDRG).

London Market Modernisation Activity – A Bluffers Guide [LMA15-022-RG, 5/27/2015] The Bluffers Guide to London Market Processing is produced to inform LMA members about London’s processes and related change programmes.

Placing Platform Limited [LMA15-021-RG, 5/21/2015] The Board of Placing Platform Limited (PPL Board) has released a statement which reports on progress towards implementing a utility placing service for the market.

Oil, Gas & Petrochemical Risk Engineering Surveys [LMA15-020-PD, 5/18/2015] The Engineering Sub-Group (ESG) of the LMA’s Onshore Energy Business Panel (OEBP) has developed a number of documents designed to improve risk engineering surveys.

XCS Technical Processing Schedule [LMA15-019-LE, 5/14/2015] The LMA and Lloyd’s have produced a revised XCS Technical Processing Schedule and an overview document outlining the formatting changes made.

Terrorism Market: Acquisitions and Margin Clause [LMA15-018-AC, 5/7/2015] In conjunction with the Wordings & Contracts Forum, the LMA Terrorism and Political Violence Business Panel has produced a model ‘Acquisitions and Increase in Insured Values Margin Extension’ clause.

Joint LMA/Clyde & Co Guidance on Consumer Wordings [LMA15-016-AC, 4/27/2015] Following today's launch in the Lloyd's Old Library, the LMA has now published the Joint LMA/Clyde & Co Guidance on Consumer Wordings, which is available to download from the LMA website.

Cause Codes Review and Related ECF System Change [LMA15-013-RCE, 3/19/2015] Following a request that a market review of the current cause codes list be undertaken, a final draft of a completely new set of cause codes has been produced and is now available.

LMA Cyber Business Panel - 2015 Election Arrangements [LMA15-014-TE, 3/18/2015] In August 2013, the LMA formed a Cyber Interest Group which was initially set-up to represent the interests of writers of cyber and technology errors and omissions business within the Lloyd’s market.

XCS Technical Processing Contract: Areas of Clarification [LMA15-012-LE, 2/23/2015] This communication is to provide clarity and guidance to managing agents and XCS Technical Processing on the roles and responsibilities of parties under the revised Technical Processing Contract that came into force on 1 June 2014.

TRIA update [LMA15-011-AC, 2/11/2015] This Bulletin summarises and interprets the TRIA Interim Guidance released by the US Department of the Treasury (US Treasury) on 4 February 2015.

Insurance Bill: an update from the LMA [LMA15-010-KvdK, 2/10/2015] This LMA Bulletin gives an outline of the main aspects of the Insurance Bill as it will be enacted

Election Results: Joint Power Generation Committee 2015 [LMA15-009-PD, 2/10/2015] Following the recent ballot, the following people have been elected to the Joint Power Generation Committee for a three-year term.

Election results: LMA Aviation Committee [LMA15-007-JSN, 1/30/2015] Following the recent ballot, three individuals have been elected as members to the LMA Aviation Committee for a four-year term.

Ballot: Joint Power Generation Committee - 2015 [LMA15-006-PD, 1/22/2015] We received seven nominations for the six available places on the LMA Joint Power Generation Committee for 2015 and are therefore holding an election.

Results: LMA Worldwide Property Business Panel 2015 [LMA15-005-PD, 1/14/2015] Following the recent ballot, seven people have been elected to the Worldwide Property Business Panel for a three-year term

LMA TRIA Guidance [LMA15-003-AC, 1/13/2015] LMA has produced TRIA guidance for members, including model clauses for underwriter use to comply with the "make available" provisions under TRIA.

Joint Power Generation Committee - 2015 Election Arrangements [LMA15-004-PD, 1/13/2015] The 2015 election arrangements for the Joint Power Generation Committee are outlined in this bulletin.

Election for the 2015 LMA Aviation Committee [LMA15-002-JSN, 1/9/2015] Four nominations have been received for the LMA Aviation Committee so a ballot will now take place.

Election results: LMA Personal Accident Business Panel [LMA15-001-AG, 1/6/2015] This Bulletin announces the five individuals elected to the LMA Personal Accident Business Panel for 2015.

Important Update on TRIA [LMA14-052-AC, 12/18/2014] This bulletin provides important information on TRIA, which is scheduled to expire on 31 December 2014 but will now be allowed to lapse.

Latest edition of 'London Market Modernisation Activity – A Bluffers Guide' now available [LMA14-051-RG, 12/17/2014] The latest issue of the Bluffers Guide is now available to download.

Election and Ballot Paper: Worldwide Property Business Panel [LMA14-050-PD, 12/16/2014] This bulletin contains a ballot paper for Worldwide Property Business Panel election 2015

Election and Ballot Paper: LMA Personal Accident Business Panel 2015 [LMA14-048-AG, 12/8/2014] There have been eight nominations for the five available places on the LMA Personal Accident Business Panel for 2015. We are therefore proceeding to hold an election.

LMA Worldwide Property Business Panel - 2015 Election Arrangements [LMA14-047-PD, 12/4/2014] Eight elected spaces are available for the LMA Worldwide Property Business Panel for 2015.

Report from the Chair of the Associations' Administration Committee [LMA14-046-RG, 12/4/2014] This update from Mark Chapman, Chair of the AAC, provides a report of AAC’s activities over the period since August 2013.

Central Services Refresh Programme Update [LMA14-045-RG, 12/4/2014] This update from Shirine Khoury-Haq, Chair of CSRP Steering Group, provides details of the programme’s progress since April and a summary of what will be delivered as part of CSRP’s first phase ‘Post-bind Submission’.

Claims Transformation Programme Guidelines for Casualty FIPI [LMA14-044-LE, 12/3/2014] Following engagement with the financial institutions and professional indemnity claims sector group, a Claims Transformation Programme (CTP) guidance and referral document has been produced with the input of claims practitioners.

Claims Transformation Programme Guidelines for Binder [LMA14-043-LE, 12/3/2014] Following engagement with the binding authority claims sector group, a Claims Transformation Programme (CTP) guidance and referral document has been produced with the input of claims practitioners.

Claims Transformation Programme Guidelines for Aviation [LMA14-042-LE, 12/2/2014] Following engagement with the aviation claims sector group, a Claims Transformation Programme (CTP) guidance and referral document has been produced with the input of claims practitioners.

LMA Risk Code Triangulation Reports – Q3, 2014 [LMA14-039-PD, 10/23/2014] The LMA Risk Code Triangulation Reports for the third quarter 2014, using data supplied by Xchanging, have now been published.

Oasis Solutions Project Update [LMA14-038-PH, 10/21/2014] This bulletin provides members with an update on the Oasis Solutions Project including long and short term benefits and next steps.

Establishing the competitive position of the London market [LMA14-036-RG, 10/20/2014] This bulletin attaches a letter from Steve Hearn, London Market Group chairman, about a major piece of research work to provide an objective understanding of the competitive landscape in which the market is operating.

Placing Platform Limited – Update [LMA14-035-RG, 9/19/2014] The Board of Placing Platform Limited (PPL) recaps the original rationale for a placing platform and outlines the next steps to providing specific recommendations to the Market Association boards.

Memorandum of Understanding between the Police & Lloyd’s managing agents and loss adjusters [LMA14-033-DP, 9/10/2014] The existing LMA/ACPO MoU, issued in 2009, has now been updated – the latest version and Appendices (in MS word format) are available to download here.

LMA Risk Code Triangulation Reports – Q2, 2014 [LMA14-032-PD, 8/6/2014] The LMA Risk Code Triangulation Reports for the second quarter 2014, using data supplied by Xchanging, have now been published.

London Market Modernisation Activity: A Bluffers Guide and an invitation to find out more [LMA14-031-RG, 8/5/2014] The latest issue of the Bluffers Guide is now available from our website This aims to help you stay abreast of the key developments in process change and understand their implications. In addition to updates on the modernisation workstreams, the glo

Insurance Bill: an update from the LMA [LMA14-030-KvdK, 7/31/2014] The LMA's Law Reform Committee was instrumental in negotiating significant changes to a number of areas of the Joint Law Commision’s proposals for their recommended Bill. This Bulletin updates members on the next steps.

Market Reform Contract (MRC) Guidance – German Premium Tax [LMA14-029-AC, 7/22/2014] The cross-market group (LMG, LMA, IUA and LIIBA) annual review of the MRC Guidance has been deferred until the autumn. However, a situation has arisen relating to German premium tax which needs to be addressed in the interim.

Binding Authorities - US Cover Conditions [LMA14-028-AG, 7/18/2014] This is to inform you that an updated version of the US General Cover Conditions has been produced.

Australian Fire Brigade Charges Update [LMA14-027-NS, 7/11/2014] The purpose of this Bulletin is to update you on what is happening in New South Wales and to remind you of the ongoing requirements.

Claims Transformation Programme Guidelines for Accident and Health [LMA14-026-LE, 7/8/2014] Following engagement with the personal accident claims sector group, a CTP guidance and a referral document has been produced with the input of claims practitioners.

Claims Transformation Programme Guidelines for Reinsurance [LMA14-025-LE, 7/8/2014] Following engagement with the reinsurance claims sector group, a CTP guidance and a referral document has been produced with the input of claims practitioners.

ACORD ITC 2014 Conference - special rate for LMA members [LMA14-024-RG, 7/1/2014] This bulletin offers LMA full members a reduced registration fee for the ACORD Insurance Technology Congress on 23 and 24 September 2014.

Use of LMA Model Wordings on 'Consumer' Business [LMA14-022-NS, 6/10/2014] The FCA is focusing on policy wordings including the importance of insurers using wordings which are appropriate to their customer types. This bulletin contains information that members need to be aware of.

LMA Risk Code Triangulation Reports – Q1, 2014 [LMA14-020-PD, 5/21/2014] The LMA Risk Code Triangulation Reports for the first quarter 2014, using data supplied by Xchanging, have now been published.

ACORD ITC 2014 Conference - special rate for LMA members [LMA14-019-RG, 5/16/2014] This bulletin offers LMA full members a reduced registration fee for the ACORD Insurance Technology Congress on 23 and 24 September 2014.

New guidance for cyber underwriters [LMA14-017-TE, 4/8/2014] We have produced a decision tree and explanatory guidance following the implementation of a new Risk Code (CY) for Cyber Risks.

Results: LMA Board Elections 2014 [LMA14-016-GB, 4/2/2014] Following on from the Board nomination process, the new Board members have been elected without the need for a ballot.

General Underwriters Agreement (version 2.0) February 2014 [LMA14-014-AC, 2/14/2014] A new version of the General Underwriters Agreement has now been published and is available on the LMG website.

LMA Risk Code Triangulation Reports – Q4, 2013 [LMA14-012-PD, 1/31/2014] The LMA Risk Code Triangulation Reports for the fourth quarter 2013 have now been published.

Property & Plant Testing & Commissioning Clause [LMA14-013-PD, 1/31/2014] In conjunction with the Onshore Energy Business Panel, the LMA has produced a Property & Plant Testing & Commissioning Clause.

CTP guidelines for Marine and Energy classes [LMA14-011-LE, 1/27/2014] A Claims Transformation Programme guidance and a referral document has been produced with the input of claims practitioners.

Calling all young professionals – what can the LMA do for you? [LMA14-010-AS, 1/23/2014] If you're a young professional in the Lloyd's or London market, we would appreciate you completing our short survey to ensure we're offering you what you want.

LMA Guidance on Consumer Policy Wordings: esure undertaking – cancellation clauses [LMA14-008-SM, 1/21/2014] The LMA has produced guidance to assist managing agents in their review of cancellation clauses in UK consumer policies.

TMEL and IBM sign a new contract for the provision of the Exchange service [LMA14-007-RG, 1/14/2014] This Bulletin contains a statement from the Board of The Message Exchange Limited (TMEL) announcing a renewed contract with IBM for provision of the Exchange service.

Election results: Joint Power Generation Committee 2014 [LMA14-006-PD, 1/14/2014] Following the recent ballot, new members have been elected to the Joint Power Generation Committee for a three-year term.

Election results: LMA Worldwide Property Business Panel 2014 [LMA14-004-PD, 1/7/2014] Following the recent ballot, a number of people have been elected to the Worldwide Property Business Panel for a three-year term.

New group for young claims professionals to be formed [LMA14-003-RCE, 1/6/2014] A young claims group (under 35s) is being set up by market representatives for Lloyd’s managing agents claims adjusters and Lloyd’s claims brokers.

LMA Aviation Committee – 2014 Election Results [LMA14-002-NS, 1/3/2014] Following the recent ballot, three individuals have been elected as members to the Aviation Committee.

Election results: Personal Accident Business Panel [LMA14-001-AG, 1/3/2014] Following the recent ballot, three individuals have been elected as members to the Personal Accident Business Panel for a five-year term.

Placing Platform Limited - an update [LMA13-043-RG, 12/17/2013] Following the creation of ‘Placing Platform Limited’ (PPL), PPL has issued an update statement which is available to download.

Electronic Support for Endorsements - Aviation Initiative [LMA13-042-NS, 12/16/2013] The LMA Aviation Committee has been in discussion with the LIIBA and LMA Aviation Executive Committees regarding an initiative to encourage use of electronic endorsements within the aviation sector.

TRIA - Interim Guidance on Wordings [LMA13-039-AC, 12/9/2013] We have produced interim guidance on wordings relating to the potential 'expiry' of TRIA on 31 December 2014.

LMA Power Generation Business Panel - 2014 Election Arrangements [LMA13-036-PD, 12/4/2013] we have received twelve nominations for the five available places on the LMA Worldwide Property Business Panel for 2014. We are therefore proceeding to hold an election.

Statutory Surplus Lines Notices for US states [LMA13-035-AC, 11/29/2013] The LMA Wordings Forum commissioned Drinker, Biddle & Reath LLP to provide them with a state by state survey of statutory surplus lines notice clause requirements.

LMA Personal Accident Business Panel - 2014 Election Arrangements [LMA13-034-AG, 11/27/2013] Nominations are open for the three available spaces on the Personal Accident Business Panel.

Standard Terms of Engagement for the London Marine Market [LMA13-033-RCE, 11/27/2013] The LMA Marine Claims Group and the Joint Marine Claims Group have jointly produced a Terms of Engagement for the London Marine Market.

New LMA International Professional Indemnity Interest Group: nominations sought [LMA13-032-TE, 11/26/2013] The LMA is creating an International Professional Indemnity Interest Group for underwriters.

LMA Worldwide Property Business Panel - 2014 Election Arrangements [LMA13-031-PD, 11/26/2013] Six places are available to those writing open-market Direct and Facultative Property business are available on the LMA Worldwide Property Business Panel.

LMA appoints Charles Taylor to manage new TPA Database service [LMA13-029-RG, 11/19/2013] TheLMA's Binding Authority Claims Group has appointed Charles Taylor Insurance Services to develop and manage a third party claims administrators' database.

New ECF website launched today [LMA13-028-RG, 11/18/2013] A new Electronic Claim File (ECF) website, designed to be the London insurance market’s one-stop shop for information on all things ECF, has been launched today.

Australian Fire Brigade Charges Scheme Collection Monitoring: Frequently Asked Questions [LMA13-025-NS, 10/7/2013] A list of Frequently Asked Questions, along with the relevant responses, has been prepared regarding the completion of the spreadsheet which is required to be submitted to PWC.

LMA Underwriting Survey Results [LMA13-024-NS, 10/3/2013] The results from the LMA underwriting survey are now available.

LMA Power Generation Business Panel [LMA13-023-PD, 10/2/2013] Twelve managing agents have expressed an interest in joining the proposed Power Generation Business Panel, which will represent the interests of underwriters in the Lloyd's market writing operational power generation business

New guide for SMEs purchasing EL insurance [LMA13-022-TE, 9/25/2013] The ABI has developed a guide for SMEs purchasing insurance.

LMA Risk Code Triangulation Reports - Q2, 2013 [LMA13-020-PD, 7/30/2013] The LMA Risk Code Triangulation Reports for the second quarter 2013, using data supplied by Xchanging, have now been published on the LMA website.

Australian Fire Brigade Charges Scheme Collection Monitoring [LMA13-019-NS, 7/29/2013] PwC Australia has prepared a spreadsheet which should be completed by all insurers that have written business via the Australian Fire Brigade Charges Scheme. This LMA Bulletin outines what action should be taken.

Updated versions of Model Binding Authority Agreements released [LMA13-018-AG, 7/1/2013] LMA's Binding Authority Wordings Committee has produced updated versions of the Model Binding Authority Agreements and accompanying Guidance Notes

Amendments to the Model Non Risk Transfer Terms of Business Agreement 2011 and Model Risk Transfer TOBA Endorsement [LMA13-016-KvdK, 6/4/2013] The LMA, with the IUA and LIIBA, has amended the model NRT TOBA 2011 and model RT TOBA Endorsement 2011 to reflect the change in UK financial services regulator from the FSA to the FCA and PRA).

Australian Fire Brigade Charges Scheme: Victoria Fire Services Levy Monitor Insurer Behaviour Guidelines [LMA13-015-NS, 5/31/2013] The Monitor has also been working on a set of Guidelines for insurers relating to expected behaviours relating to both the price exploitation and the false representation or misleading/deceptive conduct issues.

Consumer Insurance (Disclosure and Representations) Act 2012 [LMA13-014-NS, 5/24/2013] The LMA and Clyde & Co have jointly prepared guidance on theConsumer Insurance (Disclosure and Representations) Act 2012, which came into force on 6 April 2013.

Survey of Underwriting Committee/Panel Activity [LMA13-013-NS, 5/23/2013] The LMA underwriting team has produced an online survey seeking feedback on the activities of its various panels, committees and Joint Committees.

LMA Risk Code Triangulation Reports - Q1, 2013 [LMA13-011-PD, 5/1/2013] The LMA Risk Code Triangulation Reports for the first quarter 2013, using data supplied by Xchanging, have now been published on the LMA website.

UK Personal Lines Claims and Complaints Handling: model response letters [LMA13-008-SM, 3/21/2013] In anticipation of the revised Code for Underwriting Agents: UK Personal Lines Claims and Complaints Handling, the LMA has developed of a number of new model letters.

Reinsurance of life insurers: underwriting considerations [LMA13-007-KvdK, 3/19/2013] The LMA and Clyde & Co have jointly prepared guidance on the issues to be considered when underwriting reinsurance of life insurers.

Lloyd's Japan Inc - Japan Endorsement: Model Wordings [LMA13-006-AC, 3/18/2013] In conjunction with Lloyd's Japan Inc and Lloyd's Legal, the LMA has produced the following clauses/wordings in support of Market Bulletin Y4607.

Binding Authorities - US General Cover Conditions [LMA13-005-AG, 3/8/2013] The LMA's Binding Authority Committee has produced an updated version of the US General Cover Conditions for use in conjunction with US Binding Authority Agreements.

Sign up to receive monthly Wordings Releases update email [LMA13-004-AC, 2/6/2013] This Bulletin provides information about wordings/clauses released in 2012 and an invitation to receive the LMA's wordings releases email updates.

LMA Risk Code Triangulation Reports - Q4, 2012 [LMA13-003-PD, 1/21/2013] The LMA Risk Code Triangulation Reports for the fourth quarter 2012, using data supplied by Xchanging, have now been published on the LMA website.

Personal Accident Business Panel - 2013 election results [LMA13-002-AG, 1/10/2013] This Bulletin announces the Personal Accident Business Panel election results.

Worldwide Property Business Panel - 2013 election results [LMA13-001-PD, 1/4/2013] This Bulletin announces the Worldwide Property Business Panel election results.

Australian Fire Brigade Charges Scheme - Updated Scheme Details for 2013 [LMA12-031-NS, 12/21/2012] The LMA has been working alongside Lloyd's to produce a new Scheme for use by subscribing insurers which recognises the required changes. A copy of the revised AFBCS Reference Manual is now available.

Aviation Insurer Certificates Database launched [LMA12-030-DH, 12/20/2012] The LMA and IUA have issued a joint letter to the aviation insurance market to announce the launch of a new online Aviation Insurer Certificates Database of LMA/IUA approved model certificates.

Eurozone: Contract Considerations [LMA12-029-Kvdk, 12/10/2012] Guidance has been prepared which explores some of the specific considerations about how contracts may react in the event of one or more Eurozone countries switching from the Euro.

Nuclear Exclusion Clauses for Reinsurance - amended Limited Radioactive Contamination Exclusion Clause [LMA12-028-AC, 11/19/2012] In conjunction with the IUA, the LMA recently published (see LMA Bulletin LMA12-024-AC) a suite of model Reinsurance (Treaty) clauses, these being various Radioactive Contamination and Nuclear Risk Exclusions, which were made available on the Lloyd’s

Contract Certainty Code of Practice [LMA12-027-AC, 11/14/2012] A cross-market group have carried out a review of the Contract Certainty Code of Practice, last published June 2007.

LMA Power & Utilities Property and Business Interuption Wordings [LMA12-026-AC, 11/5/2012] The LMA Wordings & Contracts Forum has been working on the production of a Property Damage and Business Interruption Policy Wording specifically for use in the power and utilities (power generation) sector.

Market Reform Contract (Open Market) Guidance – new version 1.5 [LMA12-025-RG, 10/26/2012] A cross-market group has carried out the annual review of MRC guidance. This has resulted in a new version containing relatively minor enhancements being released.

Nuclear exclusion clauses for reinsurance released [LMA12-024-AC, 10/18/2012] An updated suite of nuclear exclusion clauses for reinsurance has been produced and is available for download here.

Market Platform for Electronic Support for Placing [LMA12-023-RG, 10/15/2012] This bulletin publishes a joint statement from LMA, IUA and LIIBA concerning discussions regarding a potential market collective relationship with a placing platform supplier.

Australian Fire Brigade Charges Scheme - Setting an Appropriate Fire Service Levy Rate [LMA12-022-NS, 10/10/2012] Following the decision of the ICA to cease publishing advisory rates for the scheme, it is incumbent on individual insurers to determine the appropriate rate to be charged.

Project Darwin, Market Update [LMA12-021-RG, 9/12/2012] The purpose of the attached letter from CRG members is to outline the current status of Project Darwin, explain how we are engaging with the Lloyd’s and company markets and brokers about the work.

Lloyd's Wordings Repository and ISO Lloyd’s Portal Open Day [LMA12-020-SR, 8/23/2012] To help Managing Agent staff with access and navigation around the Lloyd’s Wordings Repository and the ISO Lloyd’s Portal, an open day will take place on Monday 10 September.

Government announces Mesothelioma Compensation Scheme [LMA12-019-TE, 8/21/2012] The UK Government announced on 25 July their plans to proceed with an insurer-funded compensation scheme for mesothelioma claimants with untraced claims.

The LMA has moved offices [LMA12-018-CM, 8/15/2012] On Monday 20 August 2012 the LMA offices will be relocated from their current position on Gallery 3 to Suite 426 on Gallery 4.

Australian Fire Brigade Charges Scheme (AFBCS) - meet PFS representative [LMA12-017-NS, 8/9/2012] A representative from PFS will be visiting the UK during September and would be prepared to meet with interested parties to discuss AFBCS developments.

Euro Contract Continuity Clause [LMA12-016-KvdK, 8/8/2012] In conjunction with the IUA and LIIBA, the LMA has produced the following model clause, which is now available on the Lloyd’s Wordings Repository (LWR).

Worldwide Property Panel publishes model Suppliers and Customers Questionnaire [LMA12-015-KJ, 8/2/2012] The LMA Worldwide Property Panel has drawn up a model Suppliers and Customers Questionnaire which has now been published as LMA9020.

Important Information for all Syndicates writing Australian Property Business [LMA12-014-KJ, 8/1/2012] This Bulletin assists underwriters in understanding the issues they will need to consider in setting the fire-service element of Property premiums in New South Wales and Victoria.

LMA Academy Apprenticeship Programme [LTM12-016-BB, 7/31/2012] This Bulletin includes details of how LMA members can participate in the LMA Academy Apprenticeship Programme.

Announcement regarding Australian Fire Brigade Charges Scheme [LMA12-013-KJ, 6/20/2012] From 1 July 2013 the Victorian Government intends to end the Victorian Fire Services Statutory Contributions system.

LMA Claims Matters Forum [LTM12-012-TW, 5/4/2012] Invite to LMA members only: Claims Matters Forum, 23 May 2012. Agenda includes Claims Transformation Programme and Static Claims.

LMA Annual General Meeting (AGM) [LTM12-011-PH, 4/30/2012] Due to a change in circumstances the date for the LMA AGM has been moved Wednesday 30 May 2012 at 4.00pm.

FINAL LMA/Lloyd's Guidance on Market Bulletin Y4567 [LMA12-012-Kvdk, 4/26/2012] Following feedback, the final version of the LMA/Lloyd's guidance on Lloyd's Bulletin Y4567 is now available.

Electronic Support For Endorsements [LTM12-009-RG, 4/19/2012] This Bulletin makes available to full members fully disclosed statistics for firms’ participation in the market’s adoption of electronic support for endorsements. It also publishes model slip language that firms may use to encourage usage of the ele

Model TOBA "acceptance by conduct" letter [LTM12-007-KvdK, 4/18/2012] At the Managing Agency Compliance Officers Group meeting on 11 April, the matter of entering into new TOBA arrangements by conduct was raised...

Feedback following draft LMA/Lloyd's Guidance on Lloyd's Bulletin Y4567 [LMA12-011-KvdK, 4/3/2012] Feedback following publication of joint LMA/Lloyd's draft guidance on Lloyd's Bulletin Y4567.

LMA Board Elections [LTM12-006-PH, 3/27/2012] The purpose of this letter is to set out the process and timetable for this year’s elections for directors to the LMA Board.

Draft: Joint LMA/Lloyd's guidance on Lloyd's Bulletin Y4567 [LMA12-009-KvDK, 3/26/2012] Joint LMA/Lloyd's draft guidance on Lloyd's Bulletin Y4567 regarding distribution costs, broker remuneration and additional charges.

How Well Could You Run a General Insurance Business? [LMA12-010-TH, 3/14/2012] The LMA’s Lloyd’s Market Academy (run by the Professional Standards Committee) is pleased to invite LMA Full Members to apply to attend the workshop described in this Bulletin.

Living with US Litigation [LMA12-008-TH, 3/14/2012] LMA Full Members are invited to apply for the 25 places that are available on the 40% funded "Living with US Litigation" Seminar in May. This event is being held for the fifth time and is being run by the LMA under the banner of the LMA Lloyd’s Marke

LMA Claims Matters Forum [LTM12-005-TW, 3/9/2012] Invite to LMA members only: Claims Matters Forum, 21 March 2012. Agenda includes Claims Transformation Programmem update from XCS and Large Loss Co-ordination.

The California Claims Settlement Practice Regulations Seminar [LMA12-007-JW, 3/6/2012] The next California Claims Handling Seminar will take place on Wednesday 13th June 2012 in the Lloyd’s Old Library to which all managing agents and brokers are invited.

Did the earth move for you? The why’s, how’s and issues with Hydrofracking [LMA12-006-BB, 2/29/2012] LMA members are invited to attend the following Lloyd's Market Acedemy seminar, 'Did the earth move for you? The why’s, how’s and issues with Hydrofracking'.

Lloyd's Wordings Repository Open Day [LMA12-005-SR, 2/29/2012] This Bulletin invites Managing Agency staff to the a Lloyd’s Wordings Repository open day on 15 March 2012.

The Avoidance of Bad Faith Claims [LMA12-004-BB, 2/14/2012] LMA members are invited to attend the following Masterclass, The Avoidance of Bad Faith Claims, which is being presented by Cozen O'Connor.

Model wordings/clauses released for Canadian Attorney in Fact (AIF) Signing Process [LMA12-002-AC, 1/16/2012] The LMA has produced "model" clauses/wordings in support of the Canadian Attorney in Fact (AIF) Signing Process, which are now available on the Lloyd’s Wordings Repository.

LMA Claims Matters Forum [LTM12-001-TW, 1/6/2012] Invite to LMA members only: Claims Matters Forum, 18 January 2012. Agenda includes Static Claims, Lloyd's trip to Japan amd the Claims Transformation Programme.

LMA Worldwide Property Business Panel 2012 - Election Results [LMA12-001-KJ, 1/6/2012] Following the recent ballot, the following people have been elected to the Worldwide Property Business Panel for a three-year term.

Publication of the 2011 model non risk transfer TOBA and model risk transfer TOBA endorsement [LTM11-032-KK, 12/15/2011] The LMA, with the IUA and LIIBA, has developed a new model non risk transfer terms of business agreement for use between a managing agent or insurer and a London market broker; and a model endorsement which may be used to update the 2005 risk transfe

Market Reform Contract Guidance – MRCE Guidance - new version 1.1 [LMA11-027-RG, 12/14/2011] A revised MRCE guidance (v 1.1) has been published, reflecting the optional use of an addendum to document negotiated amendments to an MRCE, as well as various other minor revisions to bring the guidance up to date.

LMA Aviation Committee 2012 announced [LTM11-030-NS, 12/7/2011] Following the ballot held within the LMA Membership, this Bulletin confirms the LMA Aviation Committee for 2012.

LMA Worldwide Property Business Panel - request for nominations [LTM11-029-KJ, 11/15/2011] The LMA Worldwide Property Business Panel are seeking formal nominations for 5 of the elected places on the Panel.

Facultative Reinsurance Certificates for Global Placements [LMA11-026-AC, 11/8/2011] The purpose of the presentation is to raise underwriters' awareness of the potential problems with and ramifications of signing/agreeing Facultative Reinsurance Certificates, specifically when issued in favour of a local policy-issuing company in the

LMA Claims Matters Forum [LTM11-028-TW, 11/7/2011] Invite to LMA members only: Claims Matters Forum, 16 November 2011. Agenda includes Claims Transformation Programme, ECF2 and update on Claims Sector Groups.

Attorney in Fact (AIF) Signing Process in respect of Canadian Business [LMA11-025-AC, 11/2/2011] The LMA has produced "model" clauses/wordings in support of the Canadian Attorney in Fact (AIF) Signing Process, which are now available on the Lloyd’s Wordings Repository.

Market Reform Contract (Binders and Lineslips) Guidance – new version 1.4 [LMA11-024-RG, 11/1/2011] In accordance with previous practice, a cross-market group has carried out the annual review of the MRC guidance. This resulted in a new version (MRC 1.4) of the "Open Market" Guidance.

Joint Specie Committee: Request for Nomination [LTM11-025-NS, 10/27/2011] Following an approach to the LMA Membership earlier this year, and subsequent discussion with the IUA, it has been agreed that a new Joint Committee should be established to represent the interests of the specie sector.

Underwriting considerations arising from the Claims Transformation Programme (CTP) [LTM11-023-TW, 10/26/2011] A note has been produced for the underwriting community to provide information on the Claims Transformation Programme (CTP) and its implications at the underwriting stage.

Market Reform Contract (Open Market) Guidance – new version 1.4 [LMA11-023-RG, 10/19/2011] This Bulletin contains details of enhancements included in version 1.4 of the Market Reform Contract (open market) guidance.

Masterclass: Catastrophic Loss Potential in the U.S. - The Familiar and Unfamiliar [LMA11-022-BB, 10/17/2011] LMA members are invited to attend a masterclass which will address the issues of limiting expense and exposure in relation to windstorm, earthquake and cyber related catastrophe.

An Introduction to the LMA [LMA11-020-AS, 9/30/2011] LMA members are invited to attend an event which introduces the Association and explains who we are, what we do and our priorities.

London Market Modernisation Activity – A Bluffer's Guide [LMA11-019-RG, 9/6/2011] The latest issue (v.9. September 2011) of The Bluffers Guide is now available to download from the LMA website.

LMA Claims Matters Forum [LTM11-021-TW, 8/24/2011] Invite to LMA members only: Claims Matters Forum, 14 September. Agenda includes Claims Transformation Programme, Market Catastrophe Update and ECF2.

The California Claims Settlement Practice Regulations [LMA11-018-JW, 8/22/2011] Invitation to the Califonia Claims Handling Seminar on 26 October 2011 in the Lloyd's Old Library.

Settlement Due Date (SDD) and Premium Payment Warranty (PPW) dates [LMA11-017-RG, 8/19/2011] This Bulletin confirms changes to Xchanging Ins-sure Services (XIS) processes relating to Settlement Due Dates (SDD) and Premium Payment Warranty (PPD) dates, effective from 22 August 2011.

An Introduction to the LMA [LMA11-016-AS, 8/15/2011] LMA members are invited to attend an event which introduces the Association and explains who we are, what we do and our priorities.

Lloyd's Wordings Repository Open Day [LMA11-015-AC, 8/10/2011] This Bulletin invites Managing Agent staff to the a Lloyd’s Wordings Repository open day on 15 September 2011.

Lloyd’s Market Academy 'Compliance Training Programme' [LMA11-014-TH, 8/2/2011] LMA Members are invited to apply for the 20 places that are available on the 50% funded LMA Lloyd’s Market Academy 'Compliance Training Programme' in autumn 2011.

LMA Aviation Committee - 2012 election arrangements [LTM11-022-NS, 7/21/2011] The LMA Aviation Committee is elected annually by means of a ballot. If you would like to nominate an aviation representative, please let Committee Secretary John Gurtenne know not later than Friday 28 October 2011.

LMA Claims Matters Forum [LTM11-019-TW, 7/1/2011] Invite to LMA members only: Claims Matters Forum, 20 July. Agenda includes Claims Transformation Programme, ECF Co-lead pilot and ECF2.

Removal of the Small AP/RP Pool Scheme – Xchanging premium processing [LMA11-012-RG, 6/20/2011] The Process Advisory Group (PAG) on behalf of the Xchanging Review Board (XRB) has undertaken a review of the small pool scheme. It has concluded that the scheme should be closed for new premium submissions.

London Market Modernisation Activity – A Bluffer's Guide [LMA11-011-RG, 5/23/2011] The latest issue (v.8. May 2011) of The Bluffers Guide is now available to download from the LMA website.

LMA Annual General Meeting [LTM11-018-PH, 5/11/2011] This Bulletin is formal notice to Members that the 2011 Annual General Meeting of the Association will be held at 4.00pm on Tuesday 24 May, in Presentation Room 2, Gallery 11, Lloyd’s.

Employers’ Liability Insurance - Code of Practice for the Tracing of Records – Annual Report [LTM11-017-DP, 5/6/2011] This Bulletin requests information and your Agency’s declaration for the 15 months ended 31 March 2011 in connection with the Code of Practice for the Tracing of Records of Employers’ Liability Insurances.

LMA Events Group Summer Garden Party [LMA11-010-RS, 5/5/2011] Invitation to the LMA Events Group Summer Garden Party on 15 July 2011.

LMA Claims Matters Forum [LTM11-016-TW, 5/4/2011] Invite to LMA members only: Claims Matters Forum, 18 May. Agenda includes Claims Transformation Programme, Xchanging Claims Services and Lloyd’s Catastrophe Group.

The Message Exchange Limited [LTM11-015-RG, 5/3/2011] Details of new Terms and Conditions for the Exchange, London’s messaging hub, following transfer of ownership of the Exchange from Lloyd’s to TMEL, a market owned company. Members are asked to review and sign these T&Cs by Tuesday 17 May 2011.

LMA Lloyd’s Market Academy “Transforming Claims” programme [LMA11-009-TH, 4/27/2011] This bulletin invites LMA Full Members to sign up for the LMA Lloyd’s Market Academy five-day course: Transforming Claims.

LMA Board Election nominations (2011) [LTM11-014-GB, 4/26/2011] The purpose of this letter is to confirm the nominations received for the LMA Board director vacancies.

Broker Remuneration Advice [LTM11-013-KK, 4/18/2011] This Bulletin outlines advice from Reynolds Porter Chamberlain LLP on key issues which are at this stage set out in brief summary form. Full legal advice will follow shortly.

The California Claims Settlement Practice Regulations [LMA11-008-JW, 4/15/2011] Invitation to the Califonia Claims Handling Seminar on 26 May 2011 in the Lloyd's Old Library.

Electronic Support for Endorsements [LMA11-007-RG, 4/13/2011] This Bulletin announces The London Market Group (LMG) recently approved the next steps in the market’s adoption of electronic processes to support the transaction of endorsements between underwriters and brokers.

LMA Guidance on subscription underwriting and competition law [LTM11-011-KK, 4/12/2011] This Bulletin is a concise guidance document for underwriters and support staff on competition law and its application to underwriting a risk in the subscription market.

The California Claims Settlement Practice Regulations [LMA11-006-JW, 4/5/2011] Invitation to the Califonia Claims Handling Seminar on 26 May 2011 in the Lloyd's Old Library.

LMA Board Elections 2011 [LTM11-010-PH, 3/28/2011] The purpose of this letter is to set out the process and timetable for this year’s elections to the LMA Board. There will be four vacancies for directors.

LMA Graduate Recruitment Portal [LMA11-005-TH, 3/8/2011] The LMA’s Graduate Recruitment Portal has just been redesigned and re-launched. The revamped portal can be viewed at: www.graduatesatlloyds.com.

Lloyd's Wordings Repository Open Day [LMA11-004-AC, 3/1/2011] This Bulletin invites Managing Agent staff to the a Lloyd’s Wordings Repository open day on Thursday 17 March 2011.

London Market Modernisation Activity – A Bluffer's Guide [LMA11-003-RG, 2/21/2011] The latest issue (v.7. Feb 2011) of The Bluffers Guide is now available to download from the LMA website.

Pipelines – everything you need to know to avoid the “PIG in the Poke”! [LTM11-005-TH, 2/7/2011] LMA Full members are invited to apply for the 50 available places on this LMA Lloyd’s Market Academy (LMALMA) event, which will launch the LMALMA’s Energy Educational Programme.

Health and safety – the implications of Lord Young’s Report on insurance and risk for businesses [LTM11-004-BB, 1/20/2011] Under the auspices of the LMA and IOSH (Institution of Occupational Safety and Health) LMA Members are invited to this lunchtime seminar, which is being presented by Steve Granger, President of IOSH.

A vision for our market’s future processes [LMA11-002-RG, 1/13/2011] This bulletin provides information and links to the LMG's market modernisation project’s first consultation document and requests feedback on the proposals it contains.

Anti-Bribery Laws and the London Market: the UK, the USA and beyond [LMA11-001-TH, 1/6/2011] LMA Members are invited to this Master Class on 3 February 2011, which will be presented by the Anglo-American law firm SNR Denton.

LMA Aviation Committee 2011 [LTM10-026-NS, 12/8/2010] Following the ballot held within the LMA Membership, this Bulletin confirms the LMA Aviation Committee for 2011.

UK IPT rate change – Xchanging processing arrangements [LMA10-023-RG, 11/23/2010] This Bulletin explains the processing arrangements agreed with Xchanging in connection with the forthcoming rise in UK Insurance Premium Tax (UKIPT).

London Market Modernisation Activity – A Bluffer's Guide [LMA10-022-RG, 10/22/2010] The latest issue (v.6. Oct 2010) of The Bluffers Guide is now available to download from the LMA website.

Personal Accident – Medical Expenses [LMA10-021-NS, 10/7/2010] As a consequence of the 2010 U.S. Federal Healthcare Reform laws, this bulletin provides further information and attaches 'LMA5158 - Medical Expenses Accident Only Insurance Extension'.

UK Liability Insurance: Employers’ Liability Tracing Office (ELTO) Update [LMA10-020-DP, 9/29/2010] Members writing UK employers' liability business (Lloyd’s risk code W3) are invited to consider joining the ELTO. Membership will satisfy impending FSA regulations that will require publication of basic EL policy data to assist future claimants.

The California Claims Settlement Practice Regulations [LMA10-019-JW, 8/19/2010] The next California Claims handling Seminar will take place on Monday, 11th October 2010.

Market Reform Contract 2010 Review [LMA10-018-RG, 8/18/2010] The London Market Group (LMG) has confirmed that there will be no 2010 update of the Open Market MRC (Market Reform Contract) 1.4. However, the MRC (Binder) Addendum and MRC (Lineslip) Addendum have been revised.

LMA Events Group Annual Black Tie Dinner [LMA10-017-RS, 7/21/2010] Invitation to the LMA Events Group Annual Black Tie Dinner on 10 September 2010.

Notice of Annual General Meeting [LMA10-009-PH, 5/12/2010] The AGM will be held at 4.00pm on Wednesday 26 May, in Presentation Room 3, Gallery 11, Lloyd’s.

US Executive Order on Somalian Piracy [LMA10-006-NS, 5/7/2010] The US Executive Order on Somalian Piracy was discussed at the LMA Marine Committee meeting held on 6th May. At this meeting, it was agreed that advice received by Lloyd’s from Dewey LeBoeuf on this subject should be circulated to underwriters for in

Marine Model Binding Authority Wording [LMA10-005-NS, 4/28/2010]

Governance of the Exchange - an update [LTM10-012-RG, 4/19/2010]

EC Insurance Block Exemption Regulation (‘Standard Policy Conditions’) [LMA10-004-KK, 3/29/2010]

Use of Electronic Messaging to Support Endorsements [LMA10-001-RG, 2/11/2010]

EC Insurance Block Exemption Regulation (‘Standard Policy Conditions’) [LMA09-038-KK, 12/17/2009]

Market Reform Contract (Open Market) Guidance – new version 1.3 [LMA09-035-RG, 11/5/2009]

LLMA Lloyd's Asia Model TOBA and Guidance Notes [LMA09-034-NS, 10/20/2009]

EC Insurance Block Exemption Regulation (‘Standard Policy Conditions’) [LMA09-033-RG, 10/19/2009]

Special Termination Clauses [LTM09-025-KJ, 10/6/2009]

LMA Appoints Head of Legal and Compliance [LMA09-024-DG, 8/6/2009]

EC Insurance Block Exemption Regulation (‘Standard Policy Conditions’) [LMA09-019-RG, 6/10/2009]

Annual General Meeting -10 June [LMA09-015-PH, 5/14/2009]

LMA Board Election 2009 [LMA09-016-DG, 5/14/2009]

Binding Authorities – Singleton Binders [LMA09-013-JW, 4/24/2009]

EC Block Exemption Regulation [LMA09-009-RG, 3/25/2009]

LMA Aviation Committee 2009 Chairman and Deputy Chairmen [LMA08-031-NS, 12/2/2008]

Model Service Company Underwriting Agreement [LMA08-030-DP, 11/18/2008]

Model 'Confidentiality Agreement' [LMA08-027-AC, 10/23/2008]

New German contract law: BLG presentation 24 Sep [LMA08-026-AQ, 9/4/2008]

Model Broker Binding Authority Wording [LMA08-025-DP, 8/21/2008]

eMRCE Implementation [LMA08-023-RG, 7/28/2008]

Xchanging Reports on Policy Signing [LMA08-024-RG, 7/28/2008]

EC Block Exemption Regulation Consultation [LMA08-022-RG, 7/18/2008]

Lloyd’s and London Market Introductory Test (LLMIT) [LMA08-021-TH, 7/7/2008]

LMA Events Group Annual Black Tie Dinner [LMA08-020-RS, 7/2/2008]

Paul Jardine re-elected as Chairman of LMA [LMA08-019-DG, 6/24/2008]

London Market Skills Review [LMA08-018-DG, 6/6/2008]

Elections to the LMA Board [LMA08-017-PH, 6/6/2008]

Brazilian Reinsurance Wordings [LMA08-016-AC, 5/13/2008]

California Claims Settlement Practice Regulations: Seminars [LMA08-015-JW, 5/8/2008]

New LMA Appointment [LMA08-014-DP, 4/8/2008]

Reinsurance Boot Camp, 22-23 May [LMA08-012-RG, 4/2/2008]

MRCE and eMRCE Implementation [LMA08-013-PM, 4/2/2008]

Lloyd's Complaints Dept Name Change [LMA08-011-AC, 4/1/2008]

MRCE - Market Update [LMA08-008-PM, 3/11/2008]

Operations and Change Forum - 25 March [LMA08-009-RG, 3/11/2008]

US TRIA-2007 Extension: TRIPRA Deadline [LMA08-007-AC, 2/28/2008]

Electronic MRCE - Market Briefing [LMA08-006-RG, 2/25/2008]

US TRIA 2007 Extension - Model Clauses [LMA08-005-AC, 2/7/2008]

D&O Global Admitted Programmes [LMA08-004-JD, 2/1/2008]

Update on Lloyd's Strategy for India [LMA08-002-MG, 1/25/2008]

Contract Certainty Update Jan 2008 [LMA08-003-PM, 1/25/2008]

US TRIA 2007 Extention [LMA08-001-AC, 1/10/2008]

US TRIA Extension [LMA07-066-AC, 12/31/2007]

Extension of TRIA 2007 - Model Clauses [LMA07-065-AC, 12/24/2007]

Contract Checking and Documentation [LMA07-064-NS, 12/24/2007]

US TRIA Extension [LMA07-063-AC, 12/19/2007]

MRCE – Implementation Guide [LMA07-062-RG, 12/18/2007]

Presentation: US Virgin Islands [LMA07-061-MG, 12/4/2007]

New Joiner and Organisational Restructure [LMA07-060-DG, 11/22/2007]

Presentation: US VI - CANCELLED [LMA07-059-MG, 10/31/2007]

Contract Checking and Documentation [LMA07-058-NS, 10/31/2007]

Presentation: US Virgin Islands [LMA07-057-MG, 10/26/2007]

Third Party Administrator (TPA) Wording [LMA07-056-MR, 10/18/2007]

Notification of New LMA Wordings [LMA07-054-MR, 10/12/2007]

Claims Co-operation & Control Clauses [LMA07-052-MR, 10/5/2007]

Business Interruption Extensions [LMA07-051-MR, 9/12/2007]

New joiners [LMA07-050-DG, 8/28/2007]

Settlement Performance Reports [LTM07-039-RG, 7/25/2007]

Policy Wordings - Personal Accident [LMA07-047-MR, 7/19/2007]

Contract Checking and Documentation [LMA07-046-MR, 6/27/2007]

Policy Wordings - Residual Market Mechanisms Clause – Property Reinsurance [LMA07-044-MR, 6/21/2007]

Market Reform and IT Appointments at LMA [LMA07-043-RG, 6/19/2007]

Lloyd’s Market Association Elects New Chairman [LMA07-041-BT, 6/6/2007]

Policy Wording [LMA07-039-MR, 5/31/2007]

Market Reform Contract (MRC) Documentation [LMA07-038-RG, 5/30/2007]

Elections to the LMA Board [LMA07-037-BT, 5/25/2007]

Policy Wordings – Personal Accident [LMA07-036-MR, 5/23/2007]

Contract Checking and Documentation [LMA07-035-MR, 5/15/2007]

California Claims Settlement Practice [LMA07-033-TW, 5/4/2007]

Panama Fever [LMA07-031-AQ, 4/23/2007]

EC Inquiry into Business Insurance [LMA07-027-RG, 4/17/2007]

Contract Checking and Documentation [LMA07-026-MR, 4/13/2007]

An Introduction to the LMA [LMA07-024-AQ, 4/12/2007]

Policy Wordings – US Non-Marine Property [LMA07-023-MR, 4/3/2007]

Policy Wordings – Contingency Insurance [LMA07-022-MR, 4/3/2007]

EU Environmental Law [LMA07-021-MR, 3/29/2007]

LMA Wordings Repository [LMA07-018-MR, 3/20/2007]

Policy Wordings – Passive War Clause [LMA07-017-MR, 3/14/2007]

South African Certificate - Service of Suit change [LMA07-016-MR, 3/13/2007]

Information Security Management [LMA07-015-MR, 3/8/2007]

Management Changes at LMA [LMA07-013-DG, 2/27/2007]

Contract Checking and Documentation [LMA07-012-MR, 2/23/2007]

EC Inquiry into Business Insurance [LMA07-011-RG, 2/20/2007]

Guidance on Professional Qualifications [LMA07-010-BT, 2/12/2007]

Accounting and Settlement [LMA07-009-RG, 1/30/2007]

Market Reform: January Position Summary [LMA07-008-RG, 1/30/2007]

Annual Statement of Compliance [LMA07-007-BT, 1/29/2007]

Terrorism Exclusion - TRIA Clarification Endorsement [LMA07-006-MR, 1/25/2007]

EC Inquiry into Business Insurance [LMA07-005-RG, 1/25/2007]

FSA Announcement on Contract Certainty [LMA07-004-RG, 1/25/2007]

LMA Marine Committee 2007 [LMA07-003-NS, 1/17/2007]

London Market Reform Vision (2007–2009) [LMA07-002-RG, 1/12/2007]

Australian Documentation [LMA07-001-MR, 1/5/2007]

US TRIA Extention - L/U agreement [LMA06-007-TW, 1/27/2006]

US TRIA Extention - L/U agreement [LMA06-004-TW, 1/20/2006]

US TRIA Extention - L/U agreement [LMA06-001-TW, 1/18/2006]

US TRIA Extention - new LMA Wordings [LMA05-049-MR, 12/22/2005]

LMA Presentation - The US Terrorism Risk Insurance Act of 2002 [LMA05-045-MR, 12/20/2005]