Model Terrorism Liability Wording (International) published

The LMA's Terrorism & Political Violence Underwriting Committee has produced a model terrorism liability full policy wording for use on international (non-US) risks. The wording was produced with input from Counsel at Keoghs. A US version will be produced and published in 2023.

All LMA model clauses are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model clauses as they see fit; the LMA does not protect its intellectual property rights over model clauses. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk.

LMA3167 Terrorism Liability Insurance Policy (claims made and notified)

Leigh Allen
Technical Executive, Underwriting