The LMA Board is made up of senior leaders from across the Lloyd’s managing agent community, ensuring broad representation and strategic oversight of the market’s interests.

Board composition

• Standing Directors: One representative from each of the twelve largest managing agent firms by capacity, as provided by Lloyd’s. These firms automatically receive a seat and may nominate an executive director who sits on the managing agency’s board.  

• Selected Directors: Up to eight additional seats are allocated to managing agents outside the top twelve firms. They are split into two groups as follows:
  • No fewer than two seats from the medium member group of firms being the remaining largest half of firms by managed capacity.
  • No fewer than two seats from the smaller member group of firms being the remaining smallest half of firms by managed capacity. 
• Ex Officio Directors are:
  • The Chairperson 
  • The Chief Executive 
  • The executive Finance director  
  • The executive Underwriting director  
  • The executive Legal director  

The Board may also co-opt directors.  

Nomination process for Standing Directors (for large firms): 

• The LMA writes to the CEOs of eligible firms to invite nominations. Nominations are considered and approved by the Nominations and Governance Committee, subject to any valid objection raised by the Board within one week.  

Nomination process for Selected Directors (for small and medium sized firms):

• The LMA writes to the CEOs of eligible firms (those not already represented by a Standing Director) to invite expressions of interest in joining the Board. Normally, a call for specific skills and/or diversity characteristics is included in this invitation.   
• Applications are reviewed and recommended to the Board for approval by the Nominations and Governance Committee, which ensures a balanced and representative Board.