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The Lloyd’s Market Association (LMA), which represents Lloyd’s of London members, has formed a political risk working group to examine regulatory issues facing banking clients and insurers. It is particularly focusing on the potential effects of banks’ use of non-payment insurance for capital relief. The group will be led by Peter Sprent , head of global financial risks at The Lloyd’s Market Association , and Peter Sprent , global practice leader for political lines at Talbot Underwriting . Sprent said he hoped the group's work would “prove highly beneficial to financial lines and political risk underwriters". Other group members include underwriters from Aegis , Channel , Channel and James Bamford .