LMA adds Duncan Dale and Sarah Stanford to boardThe Lloyd’s Market Association has added Sarah Stanford, CEO of Aspen UK, and Duncan Dale, CEO of Dale Underwriting Partners, to its board.
Investor experience does not match expectation at Lloyd’s: LMA-Aon reportInvestors have called on Lloyd’s to improve the onboarding process and increase transparency around access to data, according to a report by the Lloyd’s Market Association and broker Aon.
LMA and ICS update Lloyd’s Open Forum clauseThe Lloyd’s Market Association and International Chamber of Shipping have launched a new Lloyd’s Open Forum clause to clarify the process for contracting for emergency and non-standard tug services.
LMA and IUA publish sustainability data standard for underwritersThe Lloyd’s Market Association and the International Underwriting Association have partnered to launch a new data standard for underwriters when collecting sustainability data from clients.
Milner and Fowle among new LMA board membersThe Lloyd’s Market Association has added four senior market leaders to its board as Rob Callan, Mark Graham and Martyn Rodden step down.
LMA’s Cameron: Momentum must not be lost following Blueprint Two delayThe Lloyd’s Market Association has welcomed the decision by Lloyd’s to postpone the phase one cutover for Blueprint Two, with CEO Sheila Cameron reaffirming the market’s commitment to John Neal's modernisation agenda and calling for momentum to be maintained.
LMA simplifies oil price cap wordingsThe Lloyd’s Market Association has simplified its hull and cargo oil price cap wordings to bring provisions in line with recent regulatory changes by the global Price Cap Coalition.
Data Council reveals seven early-adopter brokers of MRC v3Seven early-adopter brokers have begun using the new Market Reform Contract (MRC v3), having submitted new contracts within a month of its launch.
LMA and Liiba launch computable contracts for delegated authority business at Lloyd’sThe Lloyd’s Market Association has partnered with the London & International Insurance Brokers’ Association to introduce computable contracts as part of the wider market effort to digitally transform delegated authority business.
LMA updates Blueprint Two playbook ahead of July 2024 deadlineThe Lloyd’s Market Association has updated its playbook for managing agents to provide the tools and knowledge needed to implement the Blueprint Two modernisation programme.
BMA requests commercial insurer feedback on climate change risk disclosureThe Bermuda Monetary Authority (BMA) has launched a discussion paper relating to the disclosure of climate change risks for commercial insurers, including exposure, mitigation and monitoring.
Lloyd’s in dialogue with LMA ahead of three-year sustainability roadmap launchLloyd’s is expected to publish a three-year sustainability roadmap next month, with the Corporation currently in discussions with the Lloyd’s Market Association over the plans, ESG Insurer can reveal.
LMA appoints Jenkin as underwriting directorFormer Aon and RFIB executive Elizabeth Jenkin has been appointed underwriting director at the Lloyd’s Market Association.
Coalition of insurers introduces sustainability education programmeNine (re)insurance organisations have collaborated with Better Insurance Network to launch a training platform to help participants across the global industry gain a practical understanding of insurance sustainability.
London marine underwriters add Sudan to high-risk list as conflict intensifiesLondon marine insurers have added Sudan to their list of high-risk areas amid ongoing fighting in the conflict-ridden African country, after a meeting of the Lloyd’s and International Underwriting Association’s Joint War Committee.
Davison: Lessons learned from roll-out of LMA cyber exclusionsLloyd’s Market Association underwriting director Patrick Davison has acknowledged the trade body ”could have done better” in the roll-out of new cyber exclusions and should have involved brokers and other stakeholders earlier in conversations around implementation.
LMA launches CUO committee with Chaucer’s Stacey as chairThe Lloyd’s Market Association has unveiled the membership of its newly formed chief underwriting officer committee (CUOC) with Chaucer’s CUO Nicola Stacey as its chair.
Data Council publishes CDR v3.2 and MRC v3 to continue market modernisation driveThe London Market Data Council has published its Core Data Record (CDR v3.2) for open market business and the latest version of the Market Reform Contract (MRC v3).
LMA adds Inigo’s Agutter, MS Amlin’s Constable and QBE’s Sperry to claims committeeThe Lloyd’s Market Association has announced the results of five elective membership positions in its LMA Claims Committee elections.
LMA forms underwriting committee for commercial and ESG strategiesThe Lloyd’s Market Association has formed a 15-member CUO committee to represent the views of managing agents on strategic issues, as well as provide guidance and advice to the underwriting community on ESG issues.