The Forum met to discuss key developments in wordings across the Lloyd’s market.
Updates included the publication of revised clauses: LMA5656A (Facultative Certificate Endorsement), LMA5668/5669 (Cyber Exclusions), and LMA5670 (Sanctions and Financial Crime).
It was noted that clarification will be added to the Notes section of LMA5189 (Broker Remuneration Disclosure Clause) on the LWR.
Progress was noted on Project Spring Clean, with Phase 1 completed for several classes.
The Wordings in Production list has migrated to SharePoint; access details were shared.
The AI survey received 140 responses and results were under review.
Members were briefed on upcoming changes to Brazilian insurance law, with a presentation planned.
Suggestions for future Forum topics and volunteers for the Brazilian law sub-group were invited.