Lloyd's announced its best ever profit last week of more than £11bn which sets it on course to achieve it...
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
US Reinsurance Collateral Changes
As a reciprocal reinsurer, Lloyd’s syndicates (“Reinsurer(s)”) should ensure that specific funding provisions are addressed in any US reinsurance contract...
As a reciprocal reinsurer, Lloyd’s syndicates (“Reinsurer(s)”) should ensure that specific funding provisions are addressed in any US reinsurance contract...
Article / 2 years ago
Shaving of Limits: Lloyd’s Best Practice Wording for resolution of Inter-Insurer Disputes
We are pleased to publish the LMA’s FIPI Claims best practice note on inter-insurer dispute resolution...
We are pleased to publish the LMA’s FIPI Claims best practice note on inter-insurer dispute resolution...
Article / 2 years ago
Updated Cyber Clauses for use on US GL and Excess liability coverage forms
The LMA US General Liability Panel has published updated cyber clauses for use on US Excess forms...
The LMA US General Liability Panel has published updated cyber clauses for use on US Excess forms...
Article / 3 years ago
Amendments to LMA Model Clauses
The LMA, on behalf of its members, publishes LMA (and previously NMA and LSW) referenced clauses as model clauses...
The LMA, on behalf of its members, publishes LMA (and previously NMA and LSW) referenced clauses as model clauses...
Article / 3 years ago
Updated 50/50 Provisional Claims Settlement Clause and Model Agreement
Further to the announcement that LIBOR is to be retired from the end of 2021, the Aviation Committees of the LMA...
Further to the announcement that LIBOR is to be retired from the end of 2021, the Aviation Committees of the LMA...
Article / 3 years ago
Market Reform Contract – Change and Guidance
Market Reform Contract (Open Market) Guidance - new version 2.1...
Market Reform Contract (Open Market) Guidance - new version 2.1...
Article / 3 years ago
Communicable Disease and Coronavirus Exclusions for use in conjunction with Contingency policies
The LMA Contingency Business Panel has drafted the following clauses...
The LMA Contingency Business Panel has drafted the following clauses...
Article / 3 years ago
Cyber Clauses for use on Directors’ and Officers’ Business
To notify interested parties that, in order to satisfy Lloyd’s Bulletin Y5277 – Providing clarity for Lloyd’s customers on coverage...
To notify interested parties that, in order to satisfy Lloyd’s Bulletin Y5277 – Providing clarity for Lloyd’s customers on coverage...
Article / 3 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