Providers and advisors will soon have a new committee to represent their interests.
That’s because, announced earlier today, the Lloyd’s Market Association (LMA) has established the Members’ Agents Committee to represent the interests of providers and advisors of third party capital at Lloyd’s, due to meet for the first time on June 16.
“Members’ agents represent third party capital which is an important constituent of the capital mix at Lloyd’s,” commented David Gittings, CEO of the LMA. “This forum will allow the many issues directly relevant to members’ agents, and the capital providers they represent, to be addressed.”
Taking the lead for the committee will be Graham White, non-executive director of Argenta Holdings, who has been appointed as chairman. Meanwhile, committee members will be taken from Argenta, Alpha and Hampden.
According to a release, the primary role of the committee will be to “provide expert 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 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,” said Graham White. “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.”
Related stories:
Lloyd’s Market Association calls for “major changes” to Ogden rate
LMA, MGAA announce deal to support delegated authority sector
