LMA - Joint Excess Loss Committee

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Joint Excess Loss Committee

The Joint Excess Loss Committee (JXC) plays a crucial role in reviewing the excess of loss reinsurance issues in the London market, specifically for marine, energy and aviation risks.

It is comprised of senior underwriting representatives from both the Lloyd’s and IUA company markets.

Committees » Marine

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Committee

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Neil Roberts

Head of Marine & Aviation

Committee secretary

Claire Wallace

Chair

William Taylor

Deputy Chair

Key issues covered

The committee monitors evolving risks and trends to help members to be informed and prepared for the latest developments in the market.

Communicable disease

Following an intense period of work to understand the direct market positions by sector and how those interface with reinsurer concerns, the JXL has released its Communicable Disease Exclusion JX2020-009 and a Limited Coverage Endorsement JX2020-010. As with the main CL432 wording, dialogue between parties during placement is very much encouraged so that they reach a mutual understanding of the risks.

Cyber

The Lloyd’s drive for clarity on policies over cyber, or more precisely on coverage given and claims that may arise from the use of software, has ramifications for reinsurers as they also have to be clear on their exposures and coverage.

Wordings

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

10 November 2021

JX2021-016 – Cyber Exposures

6 November 2020

JX2020-010A – Communicable Disease Limited Coverage Endorsement

6 November 2020

JX2020-009A – Communicable Disease Exclusion

1 July 2020

JX2020-012 – Schedule of Agreed Communicable Disease Exclusions

1 July 2020

JX2020-009 – Communicable Disease Exclusion

19 June 2020

JX2020-007 – Joint Excess Loss Cyber Losses Clause

15 November 2018

JX2018-003 – ARIAS (UK) Arbitration Confidentiality Clause

Committee insights

Marine Cargo Cyber Exclusion with Physical Theft Confirmation Endorsement Clause Published

Global Cargo Watch List Administration Clause Published

Mandate of Lead Security Update

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.

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Swipe Right for a Lawsuit: The Modern Guide to Privacy Class Actions

Join the LMA for the Modern Guide to Privacy Class Actions, an interactive guide to privacy class actions in the USA.

Emerging Litigation Forum

The LMA invites you to an Emerging Litigation Forum concentrating on PFAS cases.

Understanding Hurricane Risk in a Changing Climate: The Hurricane Damage Index

Join us for a virtual presentation by Professor Ralf Toumi, co-author of the recent research article on the Hurricane Damage Index, published in the Journal of Catastrophe Risk and Resilience.