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Committee

Dele Fajimolu

Senior Executive, Technical Underwriting
Committee secretary

Alastair Baker

Chair

Key issues covered

The Engineering Business Panel monitors market developments and emerging risks affecting the market. It proactively assesses their impact on underwriting and coverage, ensuring the London market remains responsive, innovative and equipped to handle the changing landscape of technical and engineering-related risks.

Delayed start-up (DSU)

This can stem from various issues, including poor planning, lack of communication, insufficient funding and external factors such as weather or regulatory changes. Successfully mitigating these delays requires proactive measures such as thorough planning, clear communication, robust risk management and flexible project execution.

Latent defects

Latent defects are hidden flaws in a building’s workmanship, design, materials or construction that are not readily apparent upon reasonable inspection. These defects may only become apparent after a period of time, sometimes years after the completion of the project, and can be caused by issues such as faulty foundations, design flaws or inferior materials.

Engineering fees

From methodology of calculation, apportioning and collection. The issue of engineering fees has been an issue within the construction market. Members liaise with brokers, insured and carriers to discuss this issue.

Wordings

The EBP helps to develop and issue LMA wordings for use across the market. To receive email notification of new wordings, please subscribe.

LMA5397 – Communicable Disease Exclusion (For use on power generation, construction and engineering policies)
LMA5197A – Property & Plant Testing & Commissioning Clause

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.
View more events
The California Fair Claims Settlement Practices Regulations apply to all insurance practitioners who handle California claims, whether business is admitted or non-admitted or on a surplus lines basis.
Join the LMA for the International Forum, where we will explore recent and emerging regulatory developments across key overseas jurisdictions relevant to the Lloyd’s market.
Join the LMA for Cyber Placement Insights: A Broker-Underwriting Session, an interactive session designed to support emerging cyber professionals across both underwriting and broking.