Following Brazilian Law No. 15.040/2024 coming into effect in December 2025, the LMA, in conjunction with local counsel, has reviewed its model Intermediary Clauses. LMA5101 – Brazilian Intermediary Clause 1 (Reinsurance) and LMA5102 – Brazilian Intermediary Clause 2 (Reinsurance) remain fit for purpose with no changes required. Use of an intermediary clause is mandatory under Brazilian law.

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. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Alex Sheehan
Senior Executive, Regulatory Affairs
alex.sheehan@lmalloyds.com

Ray Koh
Legal Counsel
ray.koh@lmalloyds.com

The LMA’s UK/International Commercial Property & Household Personal Lines Committee has published a new model wording, LMA3196: Lloyd’s UK SME Commercial Property Damage and Business Interruption Policy.

This model has been published alongside a model schedule. Both documents are available via the Lloyd’s Wordings Repository (LWR).

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. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Toby Clark
Executive, Technical Underwriting
toby.clark@lmalloyds.com

The LMA’s Wordings Committee has published an updated Duty of Enquiry Endorsement (Brazil), reference LMA5689A. The previous version, LMA5689, has been archived.

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. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Steven Dennis
Senior Executive, Technical Underwriting
steven.dennis@lmalloyds.com

The Joint Specie Committee (JSC) has published a new model clause under the following reference and title:

JS2026-025 Conceptual Works of Art and Their Certificates of Authenticity

This clause is designed to assist with insured collections, which include conceptual artworks where the value may lie substantially in the certificate of authenticity rather than in the artwork itself.

The new clause is hyperlinked above and available for immediate use. It will also be made available on the Lloyd’s Wordings Repository (LWR), which can be accessed via www.lloydswordings.com and on the IUA website.

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

Project Spring Clean

During 2025/26, the LMA delivered Phase 1 of Project Spring Clean, an initiative to assess older model wordings and clauses (“wordings”) within the Core section of the Lloyd’s Wordings Repository (LWR).

Working with Underwriting Committees, each wording within scope was assessed and assigned one of the following outcomes:

• Keep – wording is in use and will retain ‘active’ status on the LWR
• Archive – wording is no longer in use (obsolete) or has been superseded and can be archived on the LWR
• Update – wording would benefit from a review and potential update in Phase 2
• Withdraw – wording is not fit for purpose or is faulty and will be withdrawn from the LWR

Notes:

• Archived or withdrawn wordings are not deleted. They will remain accessible on the LWR and can be downloaded, edited and used as any other wording.
• Archived and withdrawn wordings are not actively maintained by the LMA.

Each underwriter should decide whether a wording is suitable for a particular risk.

For more details on wordings and their status on the LWR, see LMA – Archiving and Withdrawal Process for Wordings/Clauses on the LWR.

Download the notice here

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com

Project Spring Clean

During 2025/26, the LMA delivered Phase 1 of Project Spring Clean, an initiative to assess older model wordings and clauses (“wordings”) within the Core section of the Lloyd’s Wordings Repository (LWR).

Working with Underwriting Committees, each wording within scope was assessed and assigned one of the following outcomes:

• Keep – wording is in use and will retain ‘active’ status on the LWR
• Archive – wording is no longer in use (obsolete) or has been superseded and can be archived on the LWR
• Update – wording would benefit from a review and potential update in Phase 2
• Withdraw – wording is not fit for purpose or is faulty and will be withdrawn from the LWR

Notes:

• Archived or withdrawn wordings are not deleted. They will remain accessible on the LWR and can be downloaded, edited and used as any other wording.
• Archived and withdrawn wordings are not actively maintained by the LMA.

Each underwriter should decide whether a wording is suitable for a particular risk.

For more details on wordings and their status on the LWR, see LMA – Archiving and Withdrawal Process for Wordings/Clauses on the LWR.

A Project Spring Clean update on Aviation

For Aviation, no wordings have been identified for archiving across these classes:

• General
• Hull
• Hull War
• Liability
• Passenger Liability
• Reinsurance
• Third Party

All Aviation wordings will therefore remain active on the LWR.

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com

Project Spring Clean

The LMA ran Phase 1 of Project Spring Clean in 2025. The project is an initiative to assess older wordings and clauses (“wordings”) in the Core section of the Lloyd’s Wordings Repository (LWR).

We have worked with Underwriting Committees to allocate a decision for each wording in scope:

• Keep – wording is in use and will retain ‘active’ status on the LWR
• Archive – wording is no longer in use (obsolete) or has been superseded and can be archived on the LWR
• Update – wording would benefit from a review and potential update in Phase 2
• Withdraw – wording is not fit for purpose or is faulty and will be withdrawn from the LWR

Notes:

• Archived or withdrawn wordings are not deleted. They will remain accessible on the LWR and can be downloaded, edited and used as any other wording.
• Archived and withdrawn wordings are not actively maintained by the LMA.

Each underwriter should decide whether a wording is suitable for a particular risk.

For more details on wordings and their status on the LWR, see LMA – Archiving and Withdrawal Process for Wordings/Clauses on the LWR.

Intention to archive (Miscellaneous) – 13 April 2026

This notice focuses on the planned archiving of wordings in the following classes:

• Binding Authority
• General non-marine
• Life
• Motor

Underwriting committees have advised that the wordings listed are no longer in use or have been superseded. We therefore intend to archive them.

For more details, see the tables in the download below.

As Phase 1 draws to a close, we invite feedback from full LMA members with an interest in these classes.

Please check whether any of the listed wordings are still in use. If any should remain active, please email underwritinglma@lmalloyds.com by close of play on 01 May 2026.

Download the notice here

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com

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The LMA has updated model wordings and policy certificates for Australian business. Changes include:

• Lloyd’s Australia office address amended to PO Box.
• Service of suit language.
• Complaints process language.

In addition, for Australian equine wordings the phrase ‘humane destruction’ has been replaced with ‘euthanasia’. See LMA bulletin LMA25-032-LM for more details.

Finally, for Australian wordings and policy certificates containing the phrase ‘Certain Underwriters at Lloyd’s’, the language has been amended to match the requirements set out in Lloyd’s bulletin Y5438 Delegated authority agreements – mandate of lead security. See LMA bulletin LMA25-028-LM for more details.

The existing documents will be archived in accordance with the LMA Archiving and Withdrawal Process.

New reference	Previous reference	Title
LMA3069C	LMA3069B	Lloyd’s Equine Policy
LMA3159C	LMA3159B	Lloyd’s Equine Insurance (Australian Coverholder)
LMA3160A	LMA3160	Lloyd’s Certificate of Insurance Outline (Australian Domiciled Coverholder Binder Business)
LMA3161A	LMA3161	Lloyd’s Certificate of Insurance Outline (Overseas Coverholder, Line Slip or Open Market Business)
LMA3175A	LMA3175	Lloyd’s Commercial Equine Policy (Australian Open Market)
LMA3176A	LMA3176	Lloyd’s Commercial Equine Policy (Australian Binder)
LMA9194B	LMA9194A	Lloyd’s Equine PDS Australia

All LMA model documents 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 documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com

Lloyd Martin
Executive, Technical Underwriting
lloyd.martin@lmalloyds.com

The LMA has published two updated model UK Terrorism Extensions, LMA5010F and LMA5010G, replacing LMA5010E, which has been archived.

Both LMA5010F and LMA5010G include updated definitions aligned to amendments made to the definitions within the Pool Re agreement.

A termination provision has been included in LMA5010F in the event that the Pool Re scheme is dissolved.

Both LMA5010F and LMA5010G are available via the Lloyd’s Wordings Repository.

All LMA model documents 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 documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Toby Clark
Executive, Technical Underwriting
toby.clark@lmalloyds.com