Three insurance companies have rejected Chevron's claim over the seizure last year of an oil cargo by Ira...
Model State-Backed Cyber War Exclusion Clauses for Cyber Treaty Reinsurance
LMA5629 (Exclusion A) fully excludes losses arising from war and/or cyber operations....
LMA5629 (Exclusion A) fully excludes losses arising from war and/or cyber operations....
PR / 2 months ago
Cross-Market Co-Lead Claims Agreement
This market guidance has been produced by the LMA Delegated Authority Claims Group (DACG), with support from LIIBA’s Delegated Authority Claims Committee and the IUA....
This market guidance has been produced by the LMA Delegated Authority Claims Group (DACG), with support from LIIBA’s Delegated Authority Claims Committee and the IUA....
PR / 4 months ago
Material Development Communication for Insurers
Introduction of the Lloyd’s Claims Lead Arrangement (CLA) included a requirement for Material Development Communications (MDC), previously known as key event protocols, to be shared in...
Introduction of the Lloyd’s Claims Lead Arrangement (CLA) included a requirement for Material Development Communications (MDC), previously known as key event protocols, to be shared in...
PR / 6 months ago
Lloyd's Claims Lead Arrangements Endorsements Published
All LMA model documents are purely illustrative and are published and distributed for the guidance...
All LMA model documents are purely illustrative and are published and distributed for the guidance...
PR / 8 months ago
Co-Lead Claims Agreement Update
From 1 June 2023, the Lloyd’s Claims Lead Arrangements (“CLA”) apply to all risks written within a co-lead binder arrangement....
From 1 June 2023, the Lloyd’s Claims Lead Arrangements (“CLA”) apply to all risks written within a co-lead binder arrangement....
PR / 1 year ago
Wildfire Mitigation Requirements, Deductible and Endorsement Clauses
The Renewable Energy Sub-Committee, a sub-group of the Joint Power Generation Committee, has produced three model clauses in order to assist...
The Renewable Energy Sub-Committee, a sub-group of the Joint Power Generation Committee, has produced three model clauses in order to assist...
PR / 2 years ago
Serial Loss and Serial Defect Clauses
The Renewable Energy Sub-Committee (a sub-group of the Joint Power Generation) has produced a Serial Loss clause and a Serial Defect clause...
The Renewable Energy Sub-Committee (a sub-group of the Joint Power Generation) has produced a Serial Loss clause and a Serial Defect clause...
PR / 2 years ago
Claims Quarterly
Prompted by the Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control...
Prompted by the Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control...
PR / 2 years ago
International structured credit insurers deliver ‘outstanding’ claims payment performance in 2018-19
Insurers paid 100% of all valid claims made by regulated financial institutions under credit insurance policies on time and in full in 2018 and 2019...
Insurers paid 100% of all valid claims made by regulated financial institutions under credit insurance policies on time and in full in 2018 and 2019...
PR / 4 years ago
LMA welcomes Future at Lloyd’s Blueprint
The Lloyd’s Market Association (LMA) has welcomed the launch of Blueprint One, which provides the latest strategic thinking from Lloyd’s around six ideas, first set out in their Prospectus, alongside a phased execution plan...
The Lloyd’s Market Association (LMA) has welcomed the launch of Blueprint One, which provides the latest strategic thinking from Lloyd’s around six ideas, first set out in their Prospectus, alongside a phased execution plan...
PR / 5 years ago
