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.

Related links

LMA Competition Law Guidance
Lloyd's Wordings Repository

 

Wordings

LMA3162  Lloyd’s Covid 19 Contingency Cancellation and Abandonment Policy 

LMA5509  Contingency Communicable Disease Exclusion (Non-Appearance)

LMA5508  Contingency Communicable Disease Exclusion

LMA5507  Contingency Coronavirus Exclusion

LMA5432  Contingency Ltd Cyber Extn 2

LMA5431  Contingency Ltd Cyber Extn 1

LMA5430  Contingency Cyber Exclusion

Contact us

David Powell
Head of Technical Underwriting

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