Chief Risk Officers Committee

The Chief Risk Officers (CRO) Committee brings together senior risk leaders from across the Lloyd’s market to uphold and advance technical standards in risk management. As a key voice within the LMA, the committee plays a pivotal role in shaping best practices and regulatory dialogue on behalf of its members.

Its core objectives include:

• Championing technical excellence in risk management area within LMA member firms and the wider Lloyd’s market.
• Representing the interests of risk management practitioners in this area with the Corporation of Lloyd’s (“Lloyd’s”), UK and international regulatory authorities, and the wider insurance industry.
• Responding to requests from risk management practitioners in this area, the LMA executive, policy committees and other committees for advice and recommendations on risk management issues or other issues as defined within these Terms of Reference and, where necessary, raising such issues with other organisations or individuals
• Fostering clear and effective communication between the CRO Committee, LMA groups, Lloyd’s, IUA and key external stakeholders.

Through collaboration and leadership, the CRO Committee ensures that the Lloyd’s market remains resilient, informed and at the forefront of risk governance.

CRO Committee Term of Reference