The Environment and Climate Litigation Committee, which is the LMA's newest Committee, met for the first ...
AI Regulatory Developments - Understanding the Obligations and Risks
AI/large language model (LLM) technology is perhaps the greatest operational change in recent industry memory. As such, it is both a chance to be grasped with...
AI/large language model (LLM) technology is perhaps the greatest operational change in recent industry memory. As such, it is both a chance to be grasped with...
PR / 10 hours ago
Political Risk/Credit Risk Oil and Oil Products Cap Price Notice Endorsements
The LMA is reissuing LMA5612 and LMA5613 clauses to respond to the recent changes to the Oil Price Requirements...
The LMA is reissuing LMA5612 and LMA5613 clauses to respond to the recent changes to the Oil Price Requirements...
PR / 6 days ago
Cargo Oil and Oil Products Price Cap Notice and Clause Endorsements
The LMA is reissuing LMA5604A to change the period of time for obtaining documentation to 30 days from 28 days in accordance with the recent amendment to...
The LMA is reissuing LMA5604A to change the period of time for obtaining documentation to 30 days from 28 days in accordance with the recent amendment to...
PR / 6 days ago
Onshore Energy BI Volatility Clause - LMA5515A
This version of the clause has been updated to address a deficiency in the previous version, which carriers viewed as unsuitable for partial losses. In this updated clause, the aim is to...
This version of the clause has been updated to address a deficiency in the previous version, which carriers viewed as unsuitable for partial losses. In this updated clause, the aim is to...
PR / 14 days ago
Protests in North Africa and the Middle East
Clearly there has been considerable property damage as a result of the recent civil disturbances but the extent will not be clear for some time, particularly as protests continue...
Clearly there has been considerable property damage as a result of the recent civil disturbances but the extent will not be clear for some time, particularly as protests continue...
PR / 17 days ago
Model Accident/Accidental Death Endorsement for Contingency Business
The LMA’s Contingency Business Panel has published a model Accident/Accidental Death Endorsement (LMA5632) for use in contingency business...
The LMA’s Contingency Business Panel has published a model Accident/Accidental Death Endorsement (LMA5632) for use in contingency business...
PR / 17 days ago
LMA Summary of Lloyd's Results 2024: Part 1
Lloyd's announced its best ever profit last week of more than £11bn which sets it on course to achieve its best returns on capital for over 15 years....
Lloyd's announced its best ever profit last week of more than £11bn which sets it on course to achieve its best returns on capital for over 15 years....
PR / 18 days ago
Lloyd’s Market Association and Insurance Capital Markets Research to release report on Lloyd's record-breaking results
The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) intend to unveil a comprehensive report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024...
The Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) intend to unveil a comprehensive report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024...
PR / 18 days ago
Sanctions Clause Guidance Update - LMA3100A and LMA3200
This guidance and the clauses have been discussed with OFAC. While neither were submitted for formal interpretative guidance, OFAC reviewed them and noted...
This guidance and the clauses have been discussed with OFAC. While neither were submitted for formal interpretative guidance, OFAC reviewed them and noted...
PR / 23 days ago
Model State-Backed Cyber War Exclusion Clauses for Cyber Treaty Reinsurance
LMA5629 (Exclusion A) fully excludes losses arising from war and/or cyber operations....
LMA5629 (Exclusion A) fully excludes losses arising from war and/or cyber operations....
PR / 25 days ago