Reinsurance News
Lloyd’s Market Association
Lloyd’s insurers navigate fundamental shift in climate transition assumptions: LMA & KPMG
3rd March 2026
A fundamental shift in global transition assumptions is forcing insurers to reassess how they underwrite both physical climate and evolving transition risks to remain relevant and competitive, according to the latest Underwriting the Transition report from the Lloyd’s Market Association (LMA) and KPMG. The second edition of the report has revealed ... Read the full article
Lloyd’s adds Fiona Luck and Sean McGovern as new Deputy Chairs
13th February 2026
The specialist Lloyd's insurance and reinsurance marketplace has confirmed the additions of both Fiona Luck and Sean McGovern as Deputy Chairs, joining Victoria Carter who has served in the role since 2021. Luck joined the Lloyd's Council in 2018, and as well as Deputy Chair, has been appointed as Senior Independent ... Read the full article
LMA appoints Argenta’s Nick Moore and Apollo’s Vinay Mistry to its Board
21st January 2026
The Lloyd’s Market Association (LMA) has announced the appointments of Nick Moore, Chief Executive Officer of Argenta, and Vinay Mistry, Chief Commercial Operations Officer of Apollo, to its Board. The LMA is governed by a Board that sets the overall strategy, direction, and priorities of the association. The Board is made ... Read the full article
Lloyd’s Market Association appoints Bellamy as Underwriting Director
8th January 2026
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has appointed Matthew Bellamy as Underwriting Director, who will join the body in late 2026. In his new role, Bellamy will report to Sheila Cameron, Chief Executive Officer, LMA, and lead the LMA’s Underwriting team. Additionally, ... Read the full article
AXA XL’s McGovern succeeds Brooks as Chair of Lloyd’s Market Association
6th January 2026
Sean McGovern, currently the leader of AXA XL’s insurance business in the UK & Lloyd’s market, has become the new Chair of the Lloyd’s Market Association (LMA) for a three-year term, replacing outgoing Chair Andrew Brooks. McGovern serves as Chief Executive Officer, UK & Lloyd’s and a Director of their managing ... Read the full article
LMA expects 2026 to be a ‘year of significant transition’ for market operations
4th December 2025
The Lloyd’s Market Association (LMA) anticipates 2026 will be a “year of significant transition" particularly in claims management and the market’s business planning approach amid softening rates and new regulatory expectations. The Association expects to see significant shifts in 2026 in three key areas: technology adoption, data standards, and shared connection ... Read the full article
Lloyd’s market secures three-year continuation of FCP Service with new contract
24th November 2025
The Lloyd’s Market Association (LMA), LIMOSS and Vitesse have signed a new contract to continue the market-wide FCP Service for a minimum of three years, reaffirming their commitment to an insured-first approach that accelerates claims payments and returns capital to carriers’ balance sheets. According to the LMA, the FCP solution helps ... Read the full article
LMA welcomes UK Gov’s financial services strategy, says Arabella Ramage
17th July 2025
The Lloyd's Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector's importance, specifically the role of Lloyd’s of London, according to Arabella Ramage, Legal and Regulatory Director at LMA. The Strategy sets out the government’s ten-year plan to enable the UK to ... Read the full article
LMA announces launch of Treasury & Investments Group
9th July 2025
The Lloyd’s Market Association (LMA) has announced the formation of its new Treasury & Investments Group (TIG), a strategic initiative that aims to drive innovation and collaboration across the Lloyd’s market. The TIG will be accountable to the LMA Board, reporting directly to the LMA Finance Committee. Comprising representatives from 17 managing ... Read the full article
LMA launches new model clause to boost sanctions compliance in re/insurance contracts
2nd July 2025
The Lloyd’s Market Association (LMA) has launched a new model clause, LMA5670 – General Sanctions Financial Crime Documentation Clause, designed to strengthen sanctions compliance in reinsurance and insurance contracts. This measure aims to empower re/insurers and brokers in navigating the increasingly intricate and rapidly evolving landscape of sanctions and finance crime ... Read the full article
AI & machine learning potential untapped in actuarial and risk management, LMA finds
15th May 2025
According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilisation. The LMA's survey, conducted in partnership with Barnett Waddingham, found that scepticism ... Read the full article
LMA welcomes Canopius’ Newman to its board
13th May 2025
Mark Newman, Chief Executive Officer of Canopius UK and Canopius Managing Agents, has joined the Lloyd’s Market Association (LMA) board as Kate Roy, Group Chief Operating Officer of Canopius, has stepped down. Newman has served as Canopius UK CEO since January 1st, 2024. He has been with the specialty re/insurer since ... Read the full article
Lloyd’s market at a ‘pivotal point’ as new leadership takes helm: LMA CEO
8th May 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a "pivotal point" and have a real opportunity to elevate the marketplace at a time when it is ... Read the full article
Over one-third of London market firms actively using AI: LMA
28th April 2025
A recent survey by the Lloyd’s Market Association (LMA) found that 40% of London market firms are actively using AI tools in some areas or have even widely integrated them into their workflows; however, AI adoption still faces significant barriers. The LMA recently hosted a seminar on the use of AI ... Read the full article
Beazley’s Greenwood and Talbot’s Woolley join LMA board
9th April 2025
The Lloyd’s Market Association (LMA) has announced the addition of two new representatives to its board: Bethany Greenwood, CEO of Beazley Furlonge Limited and Beazley’s Group Head of Specialty Risks, and Emma Woolley, CEO of Talbot Underwriting Ltd. Greenwood joined Beazley in 2019, since then, she has held a number of ... Read the full article
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