Legal

The LMA Legal team monitors legal developments in the UK and internationally that are relevant to the Lloyd’s market. The team also considers legal issues affecting those with responsibility for legal and company secretarial functions within LMA member firms, as well as matters of concern to Lloyd’s managing and members’ agents.

In addition, the team delivers the LMA’s Legal Wordings Training Scheme, which supports the development of future legal talent for the Lloyd’s market.

Role of the team

The core functions of the LMA Legal team include:

• Identifying and sharing legal developments relevant to the Lloyd’s market with member firms
• Reviewing and advising on legal matters impacting Lloyd’s managing and members’ agents
• Supporting other LMA teams and committees with legal aspects of their work
• Co-ordinating member feedback on legal proposals and consultations, where appropriate
• Enhancing communication between LMA members, Lloyd’s (including Lloyd’s Insurance Company) and legal stakeholders
• Providing practical guidance on legal developments and their implications for the market
• Running the LMA Legal Committee and associated sub-committees and forums
• Collaborating with other market associations to promote effective engagement and alignment across the market.

LMA Legal & Regulatory Radar

The LMA commissions a monthly LMA Legal & Regulatory Radar, produced in partnership with Luther Pendragon. This report provides timely insights into legal and regulatory developments across the UK, EU and US and is available exclusively to LMA members here.