The LMG

Overview

The LMG is a market-wide body, bringing together the specialist commercial (re)insurance broking and underwriting communities in London.  It is supported by the International Underwriting Association of London (IUA), Lloyd’s of London, the Lloyd’s Market Association (LMA) and the London & International Insurance Brokers’ Association (LIIBA).

It speaks collectively for market practitioners on growth and modernisation issues, and its aim is to build on London’s position and reputation as the global centre of insurance excellence.

The “London Matters” report, published in November 2014 and refreshed again in 2017, reinforced the challenges to the future success of the London Market over the next decade.  From these reports, four interdependent workstreams have been established to make our market more attractive, responsive and competitive to clients:

•    Building a diverse, dynamic workforce

•    Making London an easier, more cost effective place to do business

•    Telling the London market story

•    Creating an environment for innovation

The LMG’s aims

To help the London Market retain and build on its position as a vibrant international financial services sector contributing significantly to the UK economy.

As the centre of insurance excellence, with a high concentration of intellectual capital fostered by the close co-location of insurers, brokers and support services, we want London to continue to be the location where new solutions to meet new customer demands are developed, nurtured and delivered in an accessible and cost effective environment.

The London Market is the largest global hub for commercial and specialty risk, employing over 52,000, and paying more than £140bn in claims in the last five years

Latest Content

Clients need human support in dealing with technology based "new" risks

Full story here

Electronic placement goes live with Aviation

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Contract signed for central service for delegated authority business

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Electronic placement goes live with Accident & Health

The board of PPL Ltd announced that the Accident & Health classes of business went live on the platform on Monday 16th April. To read the full press release, please click here

London Market creates permanent body to manage market services

The London Market Group announced today the launch of London Insurance Market Operations & Strategic Sourcing (LIMOSS) led by Managing Director, Patrick Molineux.

Read the full press release here

London Market announces new chair

The London Market Group (LMG) today announced the appointment of Andrew Horton, CEO of Beazley as its new Chair with effect from 4 May 2018. Read the full press release here

PPL TO APPOINT NEW CHAIR WITH ADOPTION THE KEY PRIORITY

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Response from chairman Nicolas Aubert to Brexit Transition Announcement

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CLAIMS TRANSFORMATION PRIORITISED IN LM TOM

The London Market Group has announced that claims transformation will become a focus for the Target Operating Model (TOM) in 2018. Read more here

PPL Come of age with one of the largest transactions at Lloyd's

Read the full press release here 

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