LMA comments on the revised Personal Injury Discount Rate announced today
Commenting on the revised discount rate announced earlier today, David Powell, head of non-marine underwriting, Lloyd's Market Association, said...
The LMA: A Year in Review
Competitive operating conditions, a series of natural catastrophes, and the UK’s impending exit from the European Union presented our members with challenges on many fronts in 2017...
Brexit Binding Authority Sunset Endorsement
The LMA has now drafted the below model clause to assist in managing the transition of binding authority business to Lloyd’s Brussels Subsidiary (LBS) in respect of Brexit...
Data Protection - London Market Core Uses Information Notice
The LMA, with the IUA, LIIBA and BIBA, has published a London Insurance Market Core Uses Information Notice...
LMA Aviation Committee welcomes new legislation for drones
The Lloyd’s Market Association (LMA) Aviation Committee has welcomed government proposals for drone legislation, which was set out in a statement on 26 November by the Aviation Minister, Baroness Sugg...
Applicable Law and Jurisdiction Post-Brexit
Use of applicable law and jurisdiction clauses, and arbitration clauses, in insurance and reinsurance contracts...
LMA Working Party formed to examine implications of banking regulations
Peter Sprent, Head of Global Financial Risks at Liberty Specialty Markets and James Bamford, Global Practice Leader - Political Lines at Talbot Underwriting, are leading the Lloyd’s Market Association’s (LMA) newly established political risk working group...
LMA Proposes new Discount Rate Process
The Lloyd’s Market Association has called for major changes to the way the Personal Injury Discount Rate is set...
Late payment damages – Enterprise Act 2016 provisions come into force on 4 May 2017
The “late payment damages” provisions contained in the Enterprise Act 2016, which amended the Insurance Act 2015 (sections 13A and 16A)...
Insurance Act 2015 guidance updated to take account of late payment of claims
The LMA and IUA have published updated editions of their main Guide to the Insurance Act 2015 and Quick Reference Guide for Underwriters, to include the late payment of insurance claims provisions now enacted as part of the Enterprise Act 2016...