Lloyd's Agency

Thank you to everyone who joined us last time for a well-attended event in the Old Library, and to panellists for sharing various insights on the new LOF default clause. 🙌 The Default Salvage Clause LMA5654 is now live on the LMA website! 👉 Access and download the clause at the following link: https://lnkd.in/e4Mz2MNh #LloydsOpenForm #Lloyds #LloydsAgency #MarineInsurance

🌍 Greetings from International Union of Marine Insurance (IUMI)! David Lawrence, our Head of Global Marine Services & Broker Oversight, is in Berlin with Volker Eutebach, Lloyd's Germany Country Manager, to attend IUMI and celebrate their 150th anniversary. And this year again, Lloyd's is proud to be a sponsor of the event of the oldest association in the entire Insurance industry. We wish everyone a great conference and insightful discussions! #MarineInsurance #IUMI2024 #Lloyds #LloydsAgency

⚓ Join us on this Wednesday 11th of September for an introduction to the new Lloyd’s Open Form (LOF) default clause, in the Lloyd’s Old Library (09:30-10:45 BST). Lloyd’s Open Form (LOF) is an essential tool in ensuring safety at sea and minimising pollution risks. It is unique in that it is the only contract that ensures that in an emergency, the parties can proceed with speed to engage salvage services without the requirement to negotiate terms on the services to be provided: once it is signed, professional salvors are obliged to use their best endeavours to save lives and property and prevent/minimise pollution. Following a recent review of how best to preserve and promote the benefits of LOF, one of the issues considered was whether it is possible to provide within the insurance policy: ·   confirmation that LOF is the default contract to be used by Owners when a vessel is in danger, so that they can agree an emergency salvage response without delay and without any undue concern that they will have to try to justify this decision in retrospect to their insurer, and; ·   clarity around the process of Owners informing their insurers of the casualty as early as possible to ensure due consultation as to the appropriate choice of contract, when a vessel requires non-standard towage services.  The Lloyd's Market Association and International Chamber of Shipping have jointly drafted and consulted widely on a contractual provision that aims to provide the Master, the assured Owners and their insurers greater certainty when requiring salvage services. The outcome of this is the introduction of a new LOF default clause to be included in marine policies. Event participants include: Moderator: Neil Roberts (Lloyd's Market Association) Speakers: David Lawrence (Lloyd's), Andreas Bisbas (Miller Insurance Services LLP), Arabella Ramage (Lloyd's Market Association) and Kiran Khosla (International Chamber of Shipping) Panel members: Stephan Hennig (SOSREP), Sundeep Khera (AXA XL), Amy Eaves - ACII (Lancashire Insurance Group), Ben Harris (The Shipowners' Protection Limited) 👉 Please register with the link below: https://lnkd.in/eV5BCvgw #LloydsOpenForm #LOF #Salvage #LloydsAgency

⚓ The Mariners take the Underwriting Room. From July 27th to August 11th, Lloyd’s is celebrating Marine Week. During this period, visitors at Lloyd’s can learn more about our global marine services, the Lloyd’s Agency network, and the Lloyd’s Open Form. This is made possible through visuals displayed on the Underwriting Room and Reception screens. Great work, Quentin Byerley, for coordinating everything in the background! #MarineWeek #LloydsAgency #LloydsOpenForm #LloydsOfLondon #UnderwritingRoom

A huge congrats to Julie Le Déaut for completing this year’s Raptör Insurance Industry networking Bike Ride! As Lloyd's is one of the main partners and sponsors of this charity event, our Lloyd’s Agency team is proud to have one of its members representing us and more broadly the Lloyd’s Corporation for such a good cause. This year’s edition took place in the Swiss Jura and gathered 70 riders from the London insurance market. They cycled 232 miles (389 km) and climbed 15,572 ft (4 747m) for the great projects supported both by Action Medical Research (vital research to help sick and disabled babies, children and young adults) and the Lloyd’s of London Foundation. Well done everyone for an amazing effort! For anyone who wishes to contribute to this cause and reward our Lloyd’s cyclists, the link for donations is still opened: https://lnkd.in/g_g2kjwd #RaptorBikeRide #LloydsOfLondonFoundation #ActionMedicalResearch #LloydsAgency

A key highlight for three work experience students at the International Underwriting Association of London this week, was a fascinating trip around the Lloyd’s building with Anita Crane. Lilly, Felicity and Masie viewed the Old Library, Nelson Collection as well as observing the underwriting floor and Lutine Bell. Anita delved into the history of the iconic building, including the quill and ink entries of the loss book, classes of business underwritten on the boxes, to visits by Royalty. Anita also had a few interesting facts to share during our riveting tour, including lightbulbs (bespoke just for Lloyd’s!) and mice hidden in Terence Cuneo paintings…(have you spotted them?) Many thanks, Anita, for this great insight into the history of Lloyd's and the market!

Last week Pushkar Gadam and Kevin. Clarke were in Singapore to host a Lloyd's Global Marine seminar. A great way to connect with mariners and colleagues from the South East Asian market and share the latest updates on the new version of the Lloyd's Open Form. Paul Hackett from Canopius Group provided insights on the Asian Marine Insurance Market, Jasmin Tan an overview of Maritime and Port Authority of Singapore (MPA), thanks to Eduardo Pineda Martinez (Andrew Moore & Associates Ltd) we had an interesting technical analysis on the failure of metallic components, and Brendan Martin of Lloyd's List Intelligence introduced us to seaborne trade through SeaTech. Thank you to our speakers who participated in the success of this seminar and our colleagues from Lloyd's Singapore for hosting the event. #LloydsOpenForm #LloydsAgency #LloydsSingapore 

Earlier this week, Julie Le Déaut attended ParisMat conference along with a few of our Lloyd’s Agents: a fantastic opportunity to catch up with our fellows from the French market during these two days. Thank you again Comité d'Etudes et de Services des Assureurs Maritimes et Transports (CESAM) for a well-attended event, great panellists, and insightful discussions. See you all next year!

🌊 Post-Event Recap: Lloyd's Global Marine Seminar - Singapore We are excited to share the success of the Lloyd's Global Marine Seminar held earlier today, which brought together over 150 attendees from various organisations within the #Marine community. A special acknowledgment goes to Pushkar Gadam, the organiser and host of the event, whose meticulous planning ensured everything ran smoothly. We also express our gratitude to Chris Mackinnon, who delivered the opening speech, setting an inspiring tone for the seminar. Our distinguished speakers contributed immensely to the event: 👏🏻 Paul Hackett (Canopius Group): Provided insights into the Marine Insurance Market with a focus on Asia. 👏🏻 Kevin Clarke (Global Marine Services, Lloyd's): Discussed the significance of the Lloyd's Open Form in relation to people, environment, and property. 👏🏻 Jasmin Tan, Maritime and Port Authority of Singapore (MPA): Delivered an informative overview of Maritime Singapore. 👏🏻 Eduardo Pineda Martinez, Andrew Moore & Associates Ltd: Presented a detailed analysis on the failure of metallic components. 👏🏻 Brendan Martin, Lloyd's List Intelligence: Explored the science behind seaborne trade through SeaTech. Thank you to all attendees for your participation and contributions, making this seminar a highly informative and engaging event! #LloydsGlobalMarineSeminar #MarineCommunity #MaritimeSingapore #IndustryInsights #Networking

It’s live! Check out the Agency #Directory brand new look online and find the nearest Lloyd’s Agent to service your requirement: https://lnkd.in/eBirVwi5 💡 Did you know? You can click on names to see a short CV of the expert. #LloydsAgent #Lloyds #Lloydsagencynetwork