London Market Association (LMA)
LMA issues Eurozone exit advice
The Lloyd's Market Association and law firm Clyde & Co have issued guidance on the impact on insurance and reinsurance contracts of a Eurozone exit for managing agents.
New LMA property risks wordings to provide clarity for underwriters
A new standard wording for power and utility property risks placed in the Lloyd's market was unveiled at this week's London Power Forum.
Market moves: Busy week sees major hires at Travelers and Giles
In a busy week of recruitment for insurers and brokers, certain firms strengthened their reputations as companies with a real appetite for employment.
Amlin's Beale joins LMA board
Simon Beale, Amlin's chief underwriting officer, has joined the board of the Lloyd's Market Association.
Amlin chief underwriting officer takes up LMA seat
Simon Beale, pictured, has joined the board of the London Market Association.
Insurance Fraud Register to be accessible to life and Lloyd's markets
The Insurance Fraud Register is to be rolled out to the life insurance and Lloyd's markets once it is fully operational in the UK general insurance sector.
IUMI 2012 preview: The agenda
Despite positives for the sector, including a reduction in piracy, this year's International Union of Marine Insurance conference in San Diego looks set to be dominated by the loss of the Costa Concordia.
Lloyd's launches underwriting review
The Lloyd's Market Association is reviewing the way contingent business interruption cover is written in the Lloyd's market following a string of major catastrophes last year.
Industry role for Canopius claims boss
Mike East, head of operations and claims at Canopius Managing Agents, has been named as the new chairman of the Lloyd's Market Association's claims committee.
Market moves: Broking steps up the recruitment push
This week the recruitment space belonged to the broking community, which saw major moves across the sector. In the past seven days, Willis, Lorica, Giles and Lockton all named new senior staff.
Four candidates win place on LMA board following 2012 election
The Lloyd's Market Association has named four successful candidates in the 2012 election for membership to its board.
Election grips Lloyd's Market Association
The Lloyd's Market Association is facing the most competitive election in its 11-year history for four new members of the governing body.
LMA to put co-lead binder claims on ECF
The Lloyd's Market Association has launched a project to increase the volume of co-lead binder claims being managed using the market's ECF electronic claims handling system.
Lloyd's ECF claims pass 80% target
The percentage of insurance claims managed but Lloyd's Electronic Claims File system has reached 83%, an 8% year-on-year increase.
London Market OKs electronic endorsements
The London Market Group has announced that the electronic endorsements initiative will extend to all classes of business from 5 March 2012.
LMA and government reach agreement on export licences
The Lloyd's Market Association has reached agreement with the UK government to speed up the authorisations Lloyd's and other London market underwriters need to insure the international movement of weapons and military equipment used by the United Nations.
Comment: ELTO is not fit for purpose
Improvements are needed to help people trace their insurance policies, says Peter Watson, managing partner at Simpson Miller.
Career development: LMA names apprenticeship winners
Lloyd’s Market Association has named the winners of its second Lloyd’s Market Academy apprenticeship programme.
In series - On data: An era of androgyny
With gender set to disappear from the underwriting landscape at the end of 2012, what factors will insurers turn to when accessing risk?
Hurst-Bannister joins Xchanging board
London Market stalwart Barnabas Hurst-Bannister is to join the Xchanging Ins-Sure Services board as a non-executive director from March.
LMA names Atkin as new chairman
The chief executive officer of Talbot Underwriting, Rupert Atkin, has been appointed as the new chairman of the Lloyd’s Market Association.
IUA publishes new London Market TOBA
The International Underwriting Association for insurers and brokers has published a new Terms of Business Agreement (TOBA) for use in the London Market.
LMA welcomes OFT claims cost review
The London Market Association has welcomed the Office of Fair Trading’s decision to examine personal motor claims costs.
Career development: MA names new standards manager
The Lloyd’s Market Association has appointed Ben Baker to the role of professional standards manager, as it prepares to launch its new training academy.