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Regulation - LMA merger promises one voice for Lloyd's.
(From Reinsurance)
The Lloyd's Market Association has merged with the Lloyd's Motor Underwriters' Association (LMUA). The move makes the LMA the one, definitive association responsible for representing the interests of all the managing agents and syndicates operating within the Lloyd's market.
Simon Sperryn, chief executive at the LMA, said: "This merger completes the final piece of the jigsaw in the formation of a genuinely single voice for all underwriting businesses at Lloyd's, and in future years will allow managing agents to make significant savings.
"We are working with colleagues in the LMUA to make the transition ...
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