The LMA cover

The Lloyd’s Market Association (LMA) represents the interests of the Lloyd's community, providing professional and technical support to our members. All managing and members' agents at Lloyd’s are full members, together managing a gross premium income of around £26 billion in 2015.

Satellite Imagery speeds Florence and Michael claims payments

Lloyd’s managing agents have now begun assessing and paying claims to policyholders affected by hurricanes Florence and Michael, enabled and supported by the LMA’s satellite imagery and intelligence service...

  • The LMA / Hosted articles / 3 months ago
  • Claims & Losses

Performance to be proud of

Lloyd’s managing agents have agreed claims incredibly swiftly following this season’s spate of Atlantic hurricanes. On average, claims arising from Hurricanes Harvey, Irma, and Maria have been agreed in less than five days...

  • The LMA / Hosted articles / 1 year ago
  • Claims & Losses

Market Briefing: Claims Imagery & Intelligence Service

Given the potential significance (to the Lloyd’s market) of Hurricane Harvey, the LMA, its members and Lloyd’s have activated the Mckenzie Intelligence Service (MIS) for the first time...

  • The LMA / Hosted articles / 1 year ago
  • Claims & Losses

Claims update

As part of an initiative to ensure CAT readiness in the claims community, the LMA held a CAT simulation on 8 June. The simulation involved members of the Lloyd’s claims team and the ‘CAT exposed’ sector groups (binders, marine, property and reinsurance). The simulation included a review of the claims response to the Alberta / Fort McMurray wildfires. The group then considered the key challenges and issues they would face in the event of a California...