Contingency Business Panel

Membership of this panel is made up of underwriters from LMA Member organisations. The Contingency business panel meets once a month and reports to the LMA Non-Marine Committee [NMC]. Click here for a list of current Panel members and the Business Panel Terms of Reference .

Role of the Panel

The role of the Contingency Business Panel is to identify issues of interest or concern to LMA Members, for discussion within the Panel and/or referral, as appropriate, to the relevant LMA Committee and/or the LMA Secretariat. The panel also responds to requests from the Non-Marine Committee (NMC), the LMA Secretariat and other LMA Committees and Groups for advice and recommendations.

Other work includes:

providing a forum for exchange of views and information between market practitioners
liaising with the NMC to develop or revise policy wordings or clauses for adoption as LMA model wordings, establishing working groups as necessary to undertake this work
liaising with the NMC, to undertake other technical activities, establishing working groups as necessary to undertake this work

Key Issues

wildfire exclusion
national mourning endorsement
mental health questionnaire
active volcano endorsements
consumer policy wordings

Risk codes

The business scope of the panel is Contingency Insurance and this includes issues connected to the following Lloyd’s Risk Code classifications: PC, PF, PN, PU, PZ and 4T.