Lloyd's Market Association Bulletin

LMA23-044-TS| 21 December 2023

Comparison of Arbitration Rules

The LMA has produced a comparison of the important provisions of seven international arbitration rules, as well as an accompanying summary note available here. This is designed to be a useful starting point when determining which arbitration ruleset insurers wish to use in their policies.

All LMA documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers, and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk.

Thomas Singleton 
Legal Trainee

Tereza Kamari  
Legal Trainee