LMA modernises 32-year-old excess healthcare liability model

The  Lloyd’s Market Association (LMA) has released an updated model US Excess Health Care Providers’ Liability Policy (XHCP), marking the end of a two-year project to modernise and update the last model XHCP published in 1991.

In 2021, the LMA’s Medical Malpractice Committee set up a working group to renew the XHCP wordings. The group comprised of Andrew Hornsblow, Chair (Dale), Thomas Kennedy, Deputy Chair (Brit), James Barrett (Arch), Matt McCullaugh (Beazley) and David Lee (Chaucer), supported by Robin Horton, wording attorney (Beazley US), and Katie Clark, Chris Mather and Ron Monfries at the LMA.

The latest version of the policy boasts an updated structure, clear and consistent language and the addition of up-to-date endorsements to save brokers and underwriters time and effort, with flexibility for non-standard endorsements and exclusions in evolving areas such as cyber risk.

David Powell, LMA’s head of technical underwriting, said: “The LMA’s Medical Malpractice Committee is proud to release this revised Excess Health Care Providers’ Liability Policy. The final document is the culmination of two years of work from a dedicated team to ensure that the latest policy is more consistent and easier for clients to read and understand than the 32-year-old policy that preceded it. We are pleased to deliver a simplified, purpose-built policy that befits the market it serves.”

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