The Lloyd ’s Market Association ( LMA ) , which represents Lloyd ’s of London clients , has formed a political risk working group to examine regulatory issues affecting banking companies and insurers . It is particularly focusing on the potential effects of banks ’ use of non - payment funds for capital relief . The group will be led by Peter Sprent , head of global financial risks at London Specialty Markets , and James Bamford , global practice leader for political risk 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 , Chubb and XL Catlin .
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". Other group members include underwriters from Aegis, Channel, Chubb and XL Catlin.