LMA

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LMA launches Delegated Authority Committee
LMA launches Delegated Authority Committee 150 150 Haggie Partners

The Lloyd’s Market Association (LMA) has convened a new Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution, and claims. DA…

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International structured credit insurers deliver ‘outstanding’ claims payment performance in 2018-19
International structured credit insurers deliver ‘outstanding’ claims payment performance in 2018-19 150 150 Haggie Partners

Insurers paid 100% of all valid claims made by regulated financial institutions under credit insurance policies on time and in full in 2018 and 2019, according to research commissioned by…

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New LMA clause ensures continuity of coverage in case of market closure
New LMA clause ensures continuity of coverage in case of market closure 150 150 Haggie Partners

The Lloyd’s Market Association (LMA) has today published, on behalf of its members, policy language which will ensure customers’ coverage continues beyond a specified renewal date if the Lloyd’s market…

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Solvency rules have minimised insurance company failures: KPMG report
Solvency rules have minimised insurance company failures: KPMG report 150 150 Haggie Partners

Insurance company failures in the U.K. and the European Union are rare, policyholders have almost always been paid, and European solvency rules have effectively reduced the number and size of…

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Future at Lloyd’s and Brexit top LMA 2020 objectives
Future at Lloyd’s and Brexit top LMA 2020 objectives 150 150 Haggie Partners

The Lloyd’s Market Association (LMA) today revealed its objectives for 2020, intended to enable the success of LMA members and the wider market during a period of significant change. Engaging…

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Lloyd’s Market Association appoints Underwriting Director
Lloyd’s Market Association appoints Underwriting Director 150 150 Haggie Partners

London, United Kingdom, The Lloyd’s Market Association (LMA) has announced the appointment of Jane Hayes as Underwriting Director, effective 03 February. Hayes will play a key role in working with…

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LMA advocates Basel III recognition of non-payment insurance by banks
LMA advocates Basel III recognition of non-payment insurance by banks 150 150 Haggie Partners

Banks’ use of non-payment insurance should be recognised in regulatory capital calculations, according to the Lloyd’s Market Association’s (LMA) response to the European Commission’s (EC) consultation on implementation of the…

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LMA welcomes Future at Lloyd’s Blueprint
LMA welcomes Future at Lloyd’s Blueprint 150 150 Haggie Partners

The Lloyd’s Market Association (LMA) has welcomed the launch of Blueprint One, which provides the latest strategic thinking from Lloyd’s around six ideas, first set out in their Prospectus, alongside…

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Lloyd’s market CEOs pledge action on unacceptable behaviour
Lloyd’s market CEOs pledge action on unacceptable behaviour 150 150 Haggie Partners

Lloyd’s has today released the findings from its cultural survey, which reveals the extent to which sexual harassment has been witnessed in the marketplace. Lloyd’s has highlighted four key themes…

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Fundamental operational risks are top concerns for Lloyd’s CROs, LMA survey finds
Fundamental operational risks are top concerns for Lloyd’s CROs, LMA survey finds 150 150 Haggie Partners

Pricing, cost reduction, change management, market modernisation, and competition are the top five risks facing Lloyd’s, according to Chief Risk Officers (CROs) within Lloyd’s managing agencies. These internal factors rank…

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