The LMA

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.

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...