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Committee

Tracey Cookson

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 LMA invites members to a series of webinars on the risk and resilience of data centres.
Twenty-five years after 9/11, the Terrorism & Political Violence Committee will reflect on how terrorism and political violence underwriting has evolved, the lessons learned and the emerging risks that could shape the market’s next chapter.
This panel discussion will examine the distinctive exposures created by OT and how they differ from traditional IT cyber risk. It will explore how cyber incidents can result in losses within the Cyber Physical Damage market, including risk codes CZ and CH, as well as across Political Violence and Terrorism, Property, Energy and Marine classes of business.