LMA launches Delegated Authority Committee

07 Jul 20 | The LMA has convened a new Delegated Authority Committee to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution, and claims.

Contingency Coronavirus and Communicable Disease Exclusions

06 Jul 20 | The LMA Contingency Business Panel has published the attached model exclusions.

Cyber Clauses for use in conjunction with Contingency Risks

06 Jul 20 | In order to satisfy Lloyd’s Bulletin 5277 - Providing clarity for Lloyd’s customers on coverage for cyber exposures - the LMA Contingency Business Panel has published a suite of model cyber clauses.

Cyber Risks Endorsements (For use with Bankers Blanket Bond and Crime Policies)

22 Jun 20 | The LMA Financial Institutions Business Panel has published 2 model cyber clauses, for use with Bankers Blanket Bond and Crime Policies.

New life in an old open form

18 Jun 20 | Lloyd’s Open Form (LOF), which for more than a century has been the world’s standard contract for marine salvage operations, has often been updated to address changed global circumstances.

Limited Communicable Disease Exclusion No. 3 (Property Treaty Reinsurance - Risk)

17 Jun 20 | The LMA Property Reinsurance Business Panel has published the attached model exclusion.

Communicable Disease Endorsement (for use on US Errors and Omissions policies)

17 Jun 20 | The LMA North American Errors & Omissions Business Panel has published a model endorsement.

Cargo Communicable Disease Clause offers flexibility

15 Jun 20 | Lockdown has not halted cooperative work between the 35 Lloyd’s and company market underwriters that form the Joint Cargo Committee (JCC) and London brokers through LIIBA.

LMA Publication of Model Personal Accident Cyber Clauses

09 Jun 20 | To assist our Members in meeting Lloyd’s new requirement to clarify cyber coverage in all product wordings the LMA has published a suite of model cyber risk clauses for use in the accident & health and travel insurance market.

International structured credit insurers deliver ‘outstanding’ claims payment performance in 2018-19

09 Jun 20 | Insurers paid 100% of all valid claims made by regulated financial institutions under credit insurance policies on time and in full in 2018 and 2019, according to research commissioned by the LMA and the IUA.

Non-Aviation Cover in the Aviation Market

02 Jun 20 | The current situation surrounding COVID-19 has helped to highlight a area of concern for many aviation insurance practitioners.

Louisiana Disclosure Notices

27 May 20 | Following a change in regulation last year, the Louisiana Disclosure Notice (Homeowners) LSW1668A has been amended and the revised version has been published as LMA9190.

GDPR: Second Year Anniversary

26 May 20 | When GDPR took effect in May 2018, it signalled the start of more aggressive privacy oversight and enforcement.

Occupational Disease and Cumulative Trauma Endorsement

22 May 20 | The LMA North American Casualty Reinsurance Business Panel has published the attached model endorsement.

Property Treaty Limited Communicable Disease Exclusions

21 May 20 | The LMA Political Risk, Credit and Financial Contingency Committee has published a further model cyber clause (in addition to LMA5408).