Lloyd’s commits to the future of the Lloyd’s Salvage Arbitration Branch
In a move that has been strongly endorsed by UK maritime professional services body Maritime London, Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures.
The Lloyd’s Council decision follows an industry-wide consultation over a proposal to put LSAB into ‘run off’ in the face of declining use of LOF – whether through improved safety of the maritime industry or a growing resistance by insurers to the Form’s risk-based structure.
Lloyd s Council Appoints Guy Carpenter s Carter as 1st Female Deputy Chair
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Lloyd s first female deputy chair from leading reinsurance broker
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Vicky Carter appointed Deputy Chair of Lloyd s Council
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11-10-2017
The Lloyd’s Market Association (LMA) has elected four new board members and unveiled plans to achieve greater board diversity.
Chris Rash, chief executive officer (CEO) of Talbot, and Lorraine Harfitt, managing director at Asta, have both joined the board as standing members. Mark Graham, CEO of Antares, and Henry Withinshaw, chief operating officer of Newline, also joined the board as representatives of smaller managing agents.
The hires come as the LMA committed to 30 percent of its board members being female and/or from an ethnic minority by the end of 2023. Two of the LMA’s three current executive directors are female: Sheila Cameron as CEO and Jane Hayes as underwriting director.