The LMA’s North American Casualty Reinsurance Business Panel has published LMA5710 Casualty Clash Excess of Loss Reinsurance Agreement.

LMA5710 is not intended to be used as a standalone clause. Instead, it contains model language that may be incorporated into and adapted for the relevant Casualty Excess of Loss Reinsurance Agreement. Underwriters will need to ensure that the wording operates coherently within the overall contract, including ensuring that the definition of policy aligns with that used in the existing contract.

All LMA model clauses are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model clauses as they see fit; the LMA does not protect its intellectual property rights over model clauses. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Contact

Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com