London Market Association (LMA)
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
LMA poll highlights casualty underwriters' fears for reinsurance market
The majority of casualty treaty underwriters polled by the Lloyd’s Market Association believe the international reinsurance market is in danger of repeating historical mistakes by offering more relaxed terms and conditions.
Hundreds of London market wordings threatened by Insurance Act
Hundreds of model policy wordings used by the London market may require amendment in light of the new Insurance Act, according to the Lloyd's Market Association.
LMA publishes bluffers guide to claims
The Lloyd’s Market Association has released a bluffer’s guide to claims to help Lloyd’s practitioners understand how ongoing strategic projects, current claims processes and future initiatives fit together.
Motor players warned to innovate amid development of driverless cars
The pressing need for the motor market to alter its business model has been highlighted by the Lloyd’s Market Association and Deutsche Bank this week in light of the ongoing development of driverless car technology.
LMA reissues guidance in face of Greek exit fears
The Lloyd's Market Association has reissued guidance and a model relating to the withdrawal of a country from the Eurozone as doubts about Greece's future intensify.
Market Moves - 22 June 2015
Find out who has moved where in the world of insurance this week.
Market Moves - 18 June 2015
Find out who has moved where in the insurance industry in this week's Market Move's column.
LMA and IUA release Insurance Act guide
The Lloyd's Market Association and the International Underwriting Association have published a guide to the Insurance Act 2015 to help readers understand any potential challenges under the new law.
Canopius' Watson joins LMA board
The Lloyd’s Market Association has appointed six new board members following its annual election process.
Penny Black’s Insurance Week - 30 April 2015
Penny has some sympathy for company recruiters these days, with many fearful of cracking a joke in case a poorly judged remark lands them on the wrong side of an employment tribunal.
Insurance CEOs urged not to overlook valuable talent pool of disabled workforce
A panel of speakers from within the insurance industry, and outside it, has addressed insurance CEOs on the need to increase diversity in the Lloyd’s and London market.
Biba joins Lloyd's diversity charter
The British Insurance Brokers' Association has become an official supporter of the Inclusion At Lloyd's initiative by signing the Lloyd's diversity and inclusion charter.
Quotas not the answer to lack of diversity says CII’s Mistry
Quotas are a form of ‘cheating’ and not the right way to increase diversity in the insurance workforce, according to the president of the Chartered Insurance Institute Ashwin Mistry.
Market Moves - 16 April 2015
Who has moved where this week in the insurance industry.
LMA launches first competitive board election for three years
Eight candidates are fighting it out for six positions on the Lloyd’s Market Association’s governing body in what will be LMA’s first competitive election since 2012.