25 years
of making the market a better place

As we mark our 25th anniversary, we reflect on some of the milestones that have shaped both the LMA and the London market and their relevance in the wider global landscape.

2001

LMA formed
Simon Sperryn appointed LMA CEO
Stephen Catlin appointed LMA Chair
Electronic Data Clause published
Terrorism Exclusion published

iTunes and Wikipedia launched

2002

Joint Hull Committee published International Hull Clauses
TRIA wording published in response to 9/11

SpaceX founded

2003

Rad-Con, Chem-Bio Clause published
Cyber Attack Clause published

Concorde took its final flight
Nick Prettejohn appointed CEO of Lloyd’s
Lord Levene appointed Chair of Lloyd’s

2004

LMA involved in Operation Grafton
(Heathrow policing)

Facebook formed

2005

LMA merged with Lloyd’s Motor
Underwriters’ Association

YouTube launched

2006

David Gittings appointed LMA CEO
Electronic Claims File system launched

Twitter launched
Richard Ward appointed CEO of Lloyd’s

2007

Paul Jardine appointed LMA Chair
Lloyd’s Wordings Repository introduced

Apple iPhone launched

2008

Spotify launched

2009

Bitcoin cryptocurrency launched

2010

Sanction Limitation Clause published

iPad was born
Instagram launched

2011

World population reached 7 billion
John Nelson appointed Chair of Lloyd’s

2012

Rupert Atkin appointed LMA Chair

London hosted Summer Olympic Games

2013

Same-sex marriage legalised in England and Wales

2014

LMA gave evidence to the House of Lords, helping to shape the Insurance Act 2015

Invictus Games launched
Dame Inga Beale appointed CEO of Lloyd’s

2015

Neil Maidment appointed LMA Chair
LMA instrumental in launch of write-back services, a major step in claims modernisation
LMA hosted inaugural Property Insurance Claims Group Conference

OpenAI founded

2016

New Insurance Act 2015 model clauses published

UK voted to exit EU
The Insurance Act 2015 came into effect
Electronic placement introduced

2017

New 12-sided £1 coin introduced and round £1 coins ceased to be legal tender
Bruce Carnegie-Brown appointed Chair of Lloyd’s

2018

LMA launched GEMINI, the claims expert management and payment platform
LMA Claims Awards launched

Gender pay gap legislation introduced in UK
General Data Protection Regulation came into force
John Neal appointed CEO of Lloyd’s

2019

Sheila Cameron appointed LMA CEO
Andrew Brooks appointed LMA Chair
Property Cyber & Data Clause published

Ultra Low Emission Zone launched in London
Future at Lloyd’s launched

2020

New LMA Values introduced
Rebranding of LMA
Enhanced LMA Academy launched
First communicable disease (inc. COVID) clause published

First national COVID-19 lockdown

2021

New delegated authority model launched

COVID-19 vaccination developed and rolled out
LMG’s Data Council formed
Core Data Record launched

2022

LMA Charter launched
Legal Trainee Wordings Scheme launched
First oil price cap sanctions clauses for marine and political risk published

Platinum Jubilee of Queen Elizabeth II
Elizabeth Underground line opened in London

2023

LMA hosted IUMI Annual Conference
Sanctions Suspension Clause published
First Next Gen committees launched for Claims, Finance, Operations, Legal & Regulatory

Coronation of King Charles III

2024

Sheila Cameron wins Insurance Personality of the Year at British Insurance Awards
LMA launched first claims talent-attraction initiative
LMA’s International Bodily Injury Index launched

Banknotes featuring portrait of King Charles III issued

2025

LMA hosted inaugural Underwriting Talent Summit
LMA Academy wins London Market HR and L&D supplier of the Year Award
New LMA website went live

Patrick Tiernan appointed CEO of Lloyd’s
Sir Charles Roxburgh appointed Chair of Lloyd’s

2026

Sean McGovern appointed LMA Chair

Artemis II flew by the dark side of the moon

25 years of making the market a better place

25 years
of making the market a better place