LMA - LMA Delegated Authority Committee

LMA Delegated Authority Committee

The LMA Delegated Authority Committee (LMADAC) is the senior governance body representing delegated authority (DA) interests across the Lloyd’s market. Comprising leaders from underwriting, claims, operations and compliance, the committee reflects the full spectrum of disciplines within the DA ecosystem. Members are appointed by the LMA and serve to represent the collective interests of the Lloyd’s DA community, reporting directly to the LMA Board.

LMADAC Terms of Reference

Committee

View all

Carla Wise

Committee secretary

Nigel Roberts

Chair

Key issues covered

The LMA Delegated Authority Committee operates as a strategic forum, bringing together DA stakeholders to respond collaboratively to operational, regulatory and commercial developments. It provides market leadership in influencing future DA business models, ensuring alignment with the needs of all parties in the distribution chain and the practical realities of delegated business.

The committee is responsible for setting strategic direction and establishing priorities that support DA practitioners across multiple disciplines. Key focus areas include:

Ongoing development of the market’s DA strategy
Oversight of in-flight DA projects and market-wide initiatives
Input into the Future at Lloyd’s operating model for delegated business
Strategic evaluation of DA business models, distribution challenges and acquisition costs
Responses to regulatory change, including byelaws, standards, codes of practice and Lloyd’s risk-based oversight framework
Strategies for market-wide engagement and support of coverholders and delegated claims administrators (DCAs)
Collaboration with Lloyd’s and other London market associations representing parties in the DA distribution chain

Committee insights

Replay – LMA DCA Engagement Forum

Coverholder Audit Scope and Associated Guidance

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.

View more events

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.

PICG Presents California Earthquake Claims Handling Certification, Session 2

This course satisfies the California regulatory requirements for earthquake claims handling certification that is required every three years for all insurance professionals who handle earthquake claims in California.

Useful links

Delegated Authority structure chart

Notable projects

DARE Programme

In 2020, with the support of the LMA Board, LMADAC launched the DARE (Delegated Authority Reimagined) initiative to re-imagine the future of delegated authority. Following the successful delivery of the DARE end-to-end vision and its alignment with the Future at Lloyd’s programme, the committee is now progressing Phase 2 to implement key components of that vision.

To learn more about DARE, visit www.lmadare.co.