London Market Association (LMA)
Industry wary of consultation on 'virtually unenforceable' Vnuk ruling
Industry bodies have raised concerns about the government’s consultation on the ‘Vnuk judgement’, saying that it could lead to increased costs and fraud.
Enterprise Act: Paying the price for paying late
With the Enterprise Act coming into force on 4 May, policyholders will now be able to claim damages for late payment of claims. Are insurers ready?
Lloyd’s faces 'structural revolution' as market challenges drive change, says Macquarie
Lloyd’s will undergo a “structural revolution” as digital innovation and alternative capital sources impact the market, according to Macquarie Research.
LMA leads industry call for data protection law change
The Lloyd’s Market Association has coordinated an industry response calling for the Information Commissioner's Office to change its guidance over incoming data protection rules from the European Union.
LMA adds five to board
Five C-suite level executives have been elected to the Lloyd’s Market Association board.
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Blog: Insuring automated vehicles will require data sharing
Private and commercial vehicles with advanced automated functions are going to gradually enter the UK market over the next few years. In addition to changes to the regulations governing vehicle type-approval, a number of amendments need to be made to the…
Whiplash consultation now closed
The government's whiplash consultation deadline has now passed.
Lloyd's Market Association appoints Tom Hamill to lead delegated authority matters
The Lloyd’s Market Association has appointed Tom Hamill as senior executive, underwriting. Hammill will lead on all delegated authority matters, including binding authorities, lineslips, consortia and other facilities.
State of the Nation: Lloyd's and the London Market: Innovation and modernisation
The London Market is keen to encourage innovation, but that will involve overturning tried and tested practices and bringing through the younger generation
Europe: Crewless ships ready to sail
Could crewless ships be docking somewhere near to you anytime soon? It is beginning to look like it.
Claims: Claims side leads way towards a digital Lloyd's
Lloyd’s of London, like the London market as a whole, is becoming more urgent about getting up to speed with modern technology – and claims is leading the way
LMA adds four to board
Four candidates have been elected to the Lloyd’s Market Association board, including several C-suite level executives.
Drones: Attack of the drones
Unmanned aircraft and the risks they pose are under close scrutiny from the London market as it tries to decide what can and cannot be covered
LMA outlines focus for 2016
The Lloyd’s Market Association will focus on delivering several initiatives this year, specifically electronic placing support and the Oasis catastrophe loss modelling platform.
ABI: On the ropes?
A loss of members has raised concerns about the future of the ABI, but is the esteemed trade association weakened – or poised to make a resurgence?
LMA Academy sees its biggest year to date
With almost 7000 insurance professionals having taken part in events organised by the Lloyd's Market Association Academy since January, 2015 is set to be the biggest ever year for the LMA’s training and development team.
London companies back central placing process
The London company market has backed plans for a new electronic placement service, with the International Underwriting Association signing a statement of support for the project.
Reserving certainty a fillip for insurers in Enterprise Bill amendment
A proposed amendment to the Enterprise Bill under consideration by the House of Lords is being championed as giving insurers more certainty around reserving for damages relating to late claim payments.
Enterprise Bill amendments under consideration following London market efforts
A London market deal to support changes enabling companies to secure damages for late payment of insurance claims for up to a year has been heralded as an example of “unprecedented amalgamation” of the insurance sector to aid reform.
LMA elects Beazley underwriting boss Maidment as chairman
Beazley chief underwriting officer Neil Maidment has been elected chairman of the Lloyd’s Market Association.
LMA starts new committee to focus on CROs
The Lloyd’s Market Association has set up a new committee of chief risk officers to examine best practice and promote high technical standards among CROs.
LMA non-marine boss Powell takes on deputy chair role at Thatcham
Lloyd’s Market Association’s manager of non-marine David Powell has been elected to the new role of deputy chair of Thatcham Research.
Female Millennials: How to attract young women
A recent PWC report showed female millennials had reservations about working in the insurance industry. Post investigates what the sector can do to include this group in its future workforce