The LMA has published two updated model UK Terrorism Extensions, LMA5010F and LMA5010G, replacing LMA5010E, which has been archived.

Both LMA5010F and LMA5010G include updated definitions aligned to amendments made to the definitions within the Pool Re agreement.

A termination provision has been included in LMA5010F in the event that the Pool Re scheme is dissolved.

Both LMA5010F and LMA5010G are available via the Lloyd’s Wordings Repository.

All LMA model documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Toby Clark
Executive, Technical Underwriting
toby.clark@lmalloyds.com