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Faizan, one of our first trainees to join the LMA Legal Trainee Wordings Scheme, shares his thoughts on completing the various secondments he has undertaken during the Scheme. 7/8/2024
Faizan Mahmood on completing the LMA Legal Trainee Wordings Scheme
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Our latest article explores how scenario modelling can help insurers address the impacts of climate change. It emphasises integrating physical and transition risks into capital models, shifting from qualitative to quantitative assessments. 7/1/2024
Climate Change and Insurance: The Evolving Role of Scenario Modelling
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As part of our Pride Month celebrations, we are thrilled to share a Pride-themed podcast episode featuring some of our colleagues at the LMA. 6/25/2024
LMA Talks: Navigating the Insurance Industry as Gay Professionals
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Tara Allen, one of our first trainees to join the LMA Legal Trainee Wordings Scheme, shares her thoughts on completing the various secondments she has undertaken during the Scheme. 6/20/2024
Tara Allen on completing the LMA Legal Trainee Wordings Scheme
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The deadline for UK businesses to update existing contracts that provide for the transfer of personal data to entities based elsewhere in the world has now passed. 6/18/2024
International Data Transfers – Are Your Contracts Ready?
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From a background of short-term jobs and world travel to finding a place in the dynamic Lloyd’s market, join Toby Clark, an Executive in Technical Underwriting, as he recounts his unconventional journey into the insurance industry. 6/18/2024
Embracing the Unconventional: My Journey into the Insurance Industry

Bulletins

Oil Price Cap - Revised Hull and Cargo Clauses
[LMA24-032-AR, 6/7/2024] In order to provide further clarity for practitioners seeking to comply with the Oil Price Cap legislation, LMA is issuing revised wordings for Cargo (LMA5650) and Hull (LMA5651).

Public Sentiment Extensions for Contingency Business
[LMA24-030-SD, 5/29/2024] The LMA’s Contingency Business Panel has published several model Public Sentiment Extensions.

Mourning Exclusions and Extensions for Contingency Business
[LMA24-028-SD, 5/29/2024] The LMA’s Contingency Business Panel has published several model Mourning Exclusions and Extensions.

Press releases

LMA appoints new Board members
[6/24/2024] London, 24 June 2024: The Lloyd’s Market Association (LMA) has announced the appointment of four senior market leaders to its Board. The LMA is governed by a Board which sets the overall strategy, direction and priorities of the association.

JXL members explain background to their marine cyber clause
[6/19/2024] London, 19 June 2024: The LMA and IUA’s Joint Excess of Loss Committee hosted a packed session in the Lloyd’s Old Library for underwriters and brokers yesterday to talk through the genesis and development of the committee’s 2023 cyber clause.

LMA consolidates changes to marine hull and cargo oil price cap clauses in response to series of sanctions changes
[6/10/2024] London, 10 June 2024: The Lloyd’s Market Association (LMA) has issued a revision to the market’s hull and cargo oil price cap wordings.

Quarterly updates

Chief Underwriting Officers' Quarterly Update
[4/30/2024] Update from LMA's Underwriting Director, Elizabeth Jenkin, for Lloyd's market Chief Underwriting Officers, issued

CFO Updates
[4/23/2024] Updates from LMA's Finance & Risk Director Paul Davenport - issued

Operations Quarterly Update
[4/22/2024] Update from LMA's Operations Director Rob Myers for Lloyd's market Chief Operating Officers, issued

Legal & Regulatory Update
[1/15/2024] Update from LMA's Legal Director Arabella Ramage for compliance officers and Heads of Legal at managing and members' agents, issued