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LMA Legal Committee

  • The Legal Committee reviewed its programme of work for the year ahead, reflecting on key legal, regulatory and market initiatives undertaken during 2025 and identifying priorities for 2026.
  • Members discussed plans for market education and outreach, including a proposed session on governing law, jurisdiction and service of suit provisions.
  • The Committee received a presentation on Lead and Follow in the Lloyd’s and London Market: Beyond the Binary, examining leadership models and underwriting behaviours in the London market.
  • Members considered the implications of recent reforms to the Belgian Civil Code and discussed potential contractual responses to the expanded scope of extra-contractual liability for auxiliaries.
  • The Committee reviewed preliminary legal analysis on the enforceability of automatic termination clauses across a range of international jurisdictions.
  • Members also discussed market practice developments relating to lead and follow underwriters and digital trading platforms.