It’s been a journey, here’s the word from the LMA;
On 28 June 2026, The Lloyd’s Market Association (LMA) marked its 25th anniversary as a leading voice in the London specialty insurance market. It has been a period defined by rapid global change, market transformation and increasingly complex risk.
Founded in 2001 as part of the merger of the marine, non-marine, aviation and members’ associations, some of whom had existed since the early 1900s, today’s LMA has played a central role in helping the Lloyd’s market respond to major global events. From the aftermath of 9/11 to the rise of cyber risk to the COVID-19 pandemic and ongoing geopolitical volatility, the LMA has shaped market standards, designed model wordings, influenced legislation and created best practices that underpin international specialty insurance.
The LMA is renowned for its technical expertise and has published many world-leading model clauses over the course of the last 25 years, including Terrorism Risk Insurance Act (TRIA) wordings post 9/11, clauses addressing silent cyber risk and cyber warfare, the first communicable disease clause at the height of COVID and our industry-leading sanctions clauses.
The association has also been a key driver of operational and technological advancement across the Lloyd’s market. From the Lloyd’s Wording Repository in 2007 and the GEMINI claims expert management system in 2018, to the first Core Data Record (CDR) in 2021 and to our more recent work on artificial intelligence. The LMA has encouraged and guided members to evolve at the ever-growing pace of modern technology and global digitalisation.
The LMA Academy is recognised as the home of technical training for the Lloyd’s marketplace. The LMA’s training programmes are available to the newest market employees to the most experienced non-executive directors. The LMA has also led the way on thought leadership, with reports published on both lead and follow roles, underwriting the transition, and more recently guidance on broker payments.
Helping to support an evolution of the market’s culture has also been an LMA priority. The LMA launched the acclaimed inaugural Underwriting Talent Summit in 2025, which shone a spotlight on the declining pipeline of female underwriting leaders within the Lloyd’s market.
Since its inception, the LMA has been guided by a series of influential leaders, with three CEOs: Simon Sperryn (2001), David Gittings (2006) and Sheila Cameron (2019), alongside five chairs: Stephen Catlin (2001), Paul Jardine (2007), Rupert Atkin (2012), Neil Maidment (2015), Andrew Brooks (2019) and Sean McGovern (2026). Through their leadership, each has helped to successfully deliver the evolving priorities of the Lloyd’s market.
Sheila Cameron, CEO at the LMA, said: “Over the last quarter century, the LMA has evolved alongside the Lloyd’s market in an ever-changing and riskier world.
“Throughout technological disruption, geopolitical uncertainty and a global pandemic, our role has not changed – to be a voice that supports our members and our market in the global insurance ecosystem and facilitates market growth, efficiency and development.
“As I look back, I credit those who have enabled the LMA to become the leading market voice it is today and looking ahead, I see the demands on and need for the association continuing to develop at an accelerating pace. We aim to ensure our members and the market remain resilient, relevant and ready for the future, whether that is responding to digitalisation and AI, market cycles or shifting global risk dynamics.
“Without our members dedicating their time and expertise, we simply could not achieve what we do. Their support, engagement and willingness to collaborate have been invaluable over the last 25 years. We are also grateful to Lloyd’s, whose collaboration and shared commitment to making the market a better place has helped drive positive change across the market.
“As we enter our next chapter, we will continue to support members, influence key market developments and help grow the Lloyd’s market’s position as the home for global risk.”
To mark the anniversary, the association has created a timeline of its most significant milestones, available here on the LMA website.
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