David Powell
Head of Technical Underwriting
Committee secretary
The committee fosters discussion across the property, casualty and specialty market to drive consistency and best practice. It acts as a key liaison with Lloyd’s on oversight and performance management matters, while also overseeing the review and publication of LMA model wordings across all property, casualty and specialty (PCS) lines.
Cyber and AI risks pose growing challenges across PCS lines, from systemic cyber threats to liability arising from AI-driven decisions. The committee monitors developments to ensure wordings, underwriting practices and risk frameworks evolve appropriately, supporting market readiness and alignment with regulatory expectations around emerging digital exposures.
The US remains a key growth area for PCS business, but it presents complex regulatory and underwriting challenges. The committee supports market development by identifying emerging trends, standardising wordings and ensuring the market remains responsive to US developments.
The committee monitors and discusses any reputational issues that could affect the Lloyd’s market, in order to promote liaison between the key parties and develop solutions to assist the credibility and stability of the market, including better data reporting, briefing and information dissemination and the development and promotion of useful LMA model clauses.
The Non-Marine Committee reviews and approves draft LMA model wordings for publication as the final stage in our production process for property, casualty and specialty wordings. Draft model wordings submitted to NMC have already been developed and signed-off by the relevant underwriting committee and separately reviewed by the LMA’s Wordings Committee.