Lloyd's Market Association Bulletin
LMA24-023-RM|18 April 2024
Contingency Wildfire Exclusion
The
LMA's Contingency Committee has produced a model Wildfire Exclusion (Contingency), LMA5634, for use on Contingency business Non-Appearance, Cancellation and Abandonment policies within that sector.
LMA5634 Wildfire Exclusion
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 any contractual language is acceptable on any given risk. The clause is available on the Lloyd’s Wordings Repository (LWR).
Ron Monfries
Executive, Technical Underwriting
ron.monfries@lmalloyds.com
Ida Celentano
Executive, Technical Underwriting
ida.celentano@lmalloyds.com