Lloyd's announced its best ever profit last week of more than £11bn which sets it on course to achieve it...
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 / 1 month ago
Nuclear Energy Risks Exclusion (Insurance) Published
The Joint IUA/LMA Power Generation Committee has produced a Nuclear Energy Risks Exclusion in response to recent developments in nuclear fusion...
The Joint IUA/LMA Power Generation Committee has produced a Nuclear Energy Risks Exclusion in response to recent developments in nuclear fusion...
PR / 9 months ago
Greenhouse Gas Emissions Reduction Endorsement Amended
Following feedback from underwriting practitioners, the LMA’s Onshore Energy Committee has revised the model Greenhouse Gas Emissions Reduction...
Following feedback from underwriting practitioners, the LMA’s Onshore Energy Committee has revised the model Greenhouse Gas Emissions Reduction...
PR / 1 year ago
Downstream Energy Change or Cessation of Use Questionnaire
The LMA Onshore Energy Business Panel have identified several factors in the oil, gas and petrochemical industry which have impacted the decisions taken...
The LMA Onshore Energy Business Panel have identified several factors in the oil, gas and petrochemical industry which have impacted the decisions taken...
Article / 2 years ago
Election Results: Joint Power Generation Committee 2022
Following the recent ballot, six individuals have been elected as members to the Joint Power Generation Committee (JPGC) for a three-year term...
Following the recent ballot, six individuals have been elected as members to the Joint Power Generation Committee (JPGC) for a three-year term...
Article / 2 years ago
Business Interruption Volatility Clause (For use on Oil, Gas and Petrochemical Contracts)
The LMA Onshore Energy Business Panel has published the attached model clause. This clause replaces LMA5383...
The LMA Onshore Energy Business Panel has published the attached model clause. This clause replaces LMA5383...
Article / 3 years ago
New Property Damage Valuation and Average Clause for Onshore Energy Risks
Asset values have always been central to insurance and are key in determining the insurability, pricing and retention...
Asset values have always been central to insurance and are key in determining the insurability, pricing and retention...
Article / 3 years ago
Property Damage Valuation and Average Clause for use in conjunction with Onshore Energy Risks
The LMA Onshore Energy Business Panel has published the attached model clause...
The LMA Onshore Energy Business Panel has published the attached model clause...
Article / 3 years ago
Energy Risks & COVID-19 Impact Risk Engineering Questions
The Engineering Sub-Group (ESG) of the LMA’s Onshore Energy Business Panel (OEBP) has published the attached document which provides a set of questions...
The Engineering Sub-Group (ESG) of the LMA’s Onshore Energy Business Panel (OEBP) has published the attached document which provides a set of questions...
Article / 4 years ago
Communicable Disease Exclusion (For use on power generation, construction and engineering policies)
As with all LMA model clauses, it is purely illustrative and is distributed for the guidance of LMA members, who are free to agree to different conditions or amend as they see fit...
As with all LMA model clauses, it is purely illustrative and is distributed for the guidance of LMA members, who are free to agree to different conditions or amend as they see fit...
Article / 4 years ago