Lloyd’s Market Association Bulletin

The LMA has marked the following clauses (and translations) as “withdrawn” from the Lloyd’s Wordings Repository.

• NMA2914 Electronic Data Endorsement A
• NMA2915 Electronic Data Endorsement B
• NMA2914A Electronic Data Endorsement C
• NMA2915A Electronic Data Endorsement D

These clauses were originally due to be withdrawn in early 2020 as they became obsolete on 1/1/2020, as they are non-compliant with the requirements of Bulletin Y5258. The Bulletin requires that cyber clauses used on Lloyd’s policies must:

1. articulate coverage or exclusion of both tangible assets and intangible assets, and
2. address cyber-related losses that could arise from both malicious acts and non-malicious acts.

The above clauses have been superseded by LMA5400, LMA5401 and others, depending on the class of business. FYI Please see below a table of cyber clauses that are currently active on the LWR, listed by class of business, risk code and clause type. This table can be found on the LMA website and is regularly updated.

N.B. Lloyd’s market participants are free to use an archived or withdrawn clause if it is their view that the clause is suitable for use, or if appropriate amendments are made or additional provisions are provided elsewhere in the contract to satisfy any applicable requirements. It is for Underwriters to decide whether or not any contractual language is acceptable on any given risk.

All LMA model 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 model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

LMA model cyber clauses

David Powell
Head of Technical Underwriting
david.powell@lmalloyds.com

Arabella Ramage
Legal and Regulatory Director
arabella.ramage@lmalloyds.com