Lloyd's announced its best ever profit last week of more than £11bn which sets it on course to achieve it...
US and International Business Interruption clauses published for Power Generation
The Power Generation Committee has published Business Interruption Limitation Endorsements for use on US risk (LMA5606) and International Risk (LMA5606)...
The Power Generation Committee has published Business Interruption Limitation Endorsements for use on US risk (LMA5606) and International Risk (LMA5606)...
Article / 1 year ago
Operations Quarterly Update Nov 2022
An update from LMA's Operations Director Rob Myers for Lloyd’s market Chief Operating Officers...
An update from LMA's Operations Director Rob Myers for Lloyd’s market Chief Operating Officers...
Article / 1 year ago
Cyber and Data Limited Exclusion Endorsement 1
The Wordings Committee has updated LMA5469 to clarify that the limited write-back of cover to the exclusion is subject to all the terms, conditions and exclusions of the policy (and any attached endorsements)...
The Wordings Committee has updated LMA5469 to clarify that the limited write-back of cover to the exclusion is subject to all the terms, conditions and exclusions of the policy (and any attached endorsements)...
Article / 1 year ago
Return to the Underwriting Room in Lloyd’s with effect from November 2022
The majority of the LMA’s North American Errors and Omissions Business Panel members have now committed to make themselves available within the Underwriting Room on a regular basis...
The majority of the LMA’s North American Errors and Omissions Business Panel members have now committed to make themselves available within the Underwriting Room on a regular basis...
Article / 1 year ago
Lloyd’s Faster Claims Payment (FCP) BAA and DCAA Endorsements
Faster Claims Payment (FCP) is a new Lloyd’s funding and payment solution that provides for the fast and direct payment of a claim to a policyholder.
Faster Claims Payment (FCP) is a new Lloyd’s funding and payment solution that provides for the fast and direct payment of a claim to a policyholder.
Article / 1 year ago
LMA publishes Consumer Duty guidance for managing agents
Consumer Duty implementation simplified by previous application of FCA rules to the insurance industry, says LMA...
Consumer Duty implementation simplified by previous application of FCA rules to the insurance industry, says LMA...
Article / 2 years ago
LMA CEO Sheila Cameron on the two secrets to a successful business - IB
That great power brings great responsibility is an idea familiar to most – and a truism that Sheila Cameron (pictured), CEO of the Lloyd’s Market Association...
That great power brings great responsibility is an idea familiar to most – and a truism that Sheila Cameron (pictured), CEO of the Lloyd’s Market Association...
Article / 2 years ago
Financial services and markets bill
The insurance industry has argued for many years for growth and competitiveness to be included as regulatory objectives in financial services reform, which has now materialised as the Financial Markets and Services Bill...
The insurance industry has argued for many years for growth and competitiveness to be included as regulatory objectives in financial services reform, which has now materialised as the Financial Markets and Services Bill...
Article / 2 years ago
Swiss Article 19 ('AVO 19') BAA Endorsements
The LMA's DA Wordings Group has published endorsements to delegated authority insurance contracts (Binding Authority Agreements, ‘BAA’) addressing the impact of Swiss Federal Ordinance Article 19 (‘AVO 19’)...
The LMA's DA Wordings Group has published endorsements to delegated authority insurance contracts (Binding Authority Agreements, ‘BAA’) addressing the impact of Swiss Federal Ordinance Article 19 (‘AVO 19’)...
Article / 2 years ago
Fail to Prepare, Prepare to Fail
Two years from now - if everything goes to broadly to plan - the Lloyd’s and London Insurance Market will be basking in the sun of a new dawn...
Two years from now - if everything goes to broadly to plan - the Lloyd’s and London Insurance Market will be basking in the sun of a new dawn...
Article / 2 years ago