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 Liberty Specialty Markets, and James Bamford, 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". Corporate Clients: Please enter your email address below to check whether your company is an existing Reactions subscriber or Gold User and to request an access password for your account. In an interview with the Guardian, Sprent said: "We are looking into how we can help banks in this area as part of our broader review of their business models."
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 Liberty Specialty Markets, and James Bamford, 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". In an interview with the Guardian, Sprent said: "We are looking into how we can help banks in this area as part of our broader review of their business models."