The Third Party Capital Committee (TPCC) serves as a central advisory body to both the Members’ Agents Committee and the Third Party Capital Working Group. Its core function is to support strategic dialogue, provide cohesive feedback and coordinate unified responses to formal consultations affecting third-party capital in the Lloyd’s market.
The TPCC acts as a single point of coordination through which all stakeholders, including third-party capital providers, Lloyd’s, members’ agents, the Association of Lloyd’s Members (ALM), High Premium Group (HPG), and their clients, can raise issues or share views on matters impacting external capital. Individual Lloyd’s members should direct concerns to their TPCC representative, who will determine the appropriate route for escalation, including referral to the Members’ Agents Committee or Working Group for resolution.
Reporting to the LMA Board, the TPCC contributes valuable insights on capital-related issues. When relevant, the committee’s Chair may be invited by the LMA CEO to present perspectives directly to the Board.
The Third Party Capital Committee and Members’ Agents Committee, supported by a dedicated Working Group, focus on matters impacting external (non-aligned) capital providers in the Lloyd’s market. Together, they address a broad spectrum of strategic and operational issues, including:
Notable projects
The Third Party Capital Committee and Members’ Agents Committee are actively engaged in several initiatives aimed at enhancing the structure, efficiency, and compliance of capital management within the Lloyd’s market. Current projects include: