Lloyd’s Market Association sets up third party capital committee

The Lloyd’s Market Association (LMA) has formed a ‘Members’ Agent Committee’, which will represent the interest and priorities of provider and advisors of third party capital at Lloyd’s.

The committee will meet for the first time on June 16, 2017.

LMA has appointed Graham White, non-executive director at Argenta Holdings as the committee chairman.

The committee members will come from the three Lloyd’s Member’s Agencies - Alpha, Argenta and Hampden - and will report to the LMA board.

Additional attendees will be invited as appropriate, said the LMA.

The new committee will provide input, guidance and assistance on issues affecting the members’ agent community, including high level policy matters, operational issues and other concerns raised by members’ agents, third party capital providers, Lloyd’s or other external parties.

“The LMA is pleased to support this new initiative,” said David Gittings, CEO of the LMA.

“Members’ agents represent third party capital which is an important constituent of the capital mix at Lloyd’s. This forum will allow the many issues directly relevant to members’ agents, and the capital providers they represent, to be addressed.”

White commented: “The committee and I are grateful to the LMA for sponsoring our efforts to ensure that the specific issues of the third-party capital community are properly heard. In the initial phase of its operation, we anticipate that the committee will act as a direct conduit for our views on the Lloyd’s Capital Planning timetable.”