The LMA Finance Committee addresses a broad spectrum of financial matters that impact managing agents and the Lloyd’s market as a whole. Its current focus includes
Evaluating financial and capital management proposals to identify potential implications for LMA members and guide future readiness.
Developing informed responses to financial issues and making strategic recommendations to the LMA Board and relevant bodies.
Responding to consultations issued by Lloyd’s, the PRA and other regulatory authorities affecting financial reporting or tax.
Tracking developments such as Solvency UK and assessing their operational and financial impact on member firms.
Engaging with Lloyd’s senior management on issues requiring expert financial insight from the managing agent community.
Providing practitioner support to Lloyd’s Taxation Department in their discussions with HMRC and other overseas taxation authorities.
Collaborating with the Committee of Actuaries in the Lloyd’s Market (CALM) to evaluate the financial implications of actuarial developments.
Facilitating dialogue between managing agent finance teams and external stakeholders, including auditors and investment professionals.
Coordinating the education and technical training needs of the finance community in the market through the LMA Academy and other learning providers.
