The Lloyd’s Market Association (LMA) has announced that the data source underlying the Lloyd's insights hub underwriting development triangles (UDT) is changing due to revisions to the market's reserving data collection. While the UDT will continue to be presented in a broadly similar format and with enhanced data quality, a value change is expected. Any suggestions for UDT improvements are welcomed and can be directed to Rose Pyke.

The Loan Market Association (LMA) has published updated versions of its developing markets and pre-export finance (PXF) facility agreements for the transition to risk-free rates (RFRs). The LMA has also published an updated Term SOFR commentary to reflect these updates and to provide additional guidance on certain aspects following discussions with market participants.

The Lloyd's Market Association (LMA) has updated the UK consumer wordings guidance, in collaboration with Browne Jacobson LLP. The guidance aims to assist managing agents in producing consumer product wordings and related documentation, in line with current UK regulatory requirements and promoting best practice. This update includes the removal of Lloyd's minimum standards and the introduction of the FCA Consumer Duty.

The Lloyd's Market Association (LMA) has updated its hull and cargo oil price cap model wordings (LMA5610A and LMA5611A) in line with the forthcoming changes to the oil cap provisions. These model wordings will be added to the Lloyd’s repository and some additional guidance will follow.

The Loan Market Association (LMA) has updated its Real Estate Finance (REF) Investment Security Agreement, REF Development Security agreement and REF Shareholder Security Agreement (the Security Agreements) following the enactment of the National Security and Investment Act 2021 (NSIA 2021).

The Loan Market Association (LMA) has published updated leveraged finance and real estate finance documentation, with revisions covering leveraged finance interest rate and ancillary facility provisions and real estate finance extension option materials.

The Loan Market Association (LMA) has published an updated version of its real estate finance facilities agreement for multiproperty investment transactions, accompanied by a set of optional riders. The updated facilities agreement now includes an extension option mechanic, a financial covenant cure rider and revisions that align with the LMA's recently updated investment grade and leveraged finance facility documentation. The optional riders offer provisions for minimum required rating language applicable to account banks, insurers and hedge counterparties, in addition to incorporating a cash trap and an interest reserve mechanic.

Law360, London: The Lloyd's Market Association (LMA) has urged caution to cargo companies and their insurers operating in the Red Sea after two deadly attacks by Houthis on shipping vessels this week.

The Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA), Fund Finance Association (FFA) and Loan Syndications and Trading Association (LSTA) have jointly published guidance called ‘A Guide to the Application of the Sustainability-Linked Loans Principles in Fund Finance’. The guide seeks to provide direction on applying the sustainability-linked loan principles (SLLP) to transactions.

Before commencing the arbitration • assess any applicable limitation periods under the relevant law (general principle) • confirm the arbitration agreement incorporates (or is treated as incorporating) the LMAA Terms 2021 (Paragraph 5) • confirm the governing law of the arbitration agreement and the seat (default: English law and seat in England, unless agreed otherwise) (Paragraph 6) • determine the number of arbitrators and the appointment method under the arbitration agreement and the LMAA Terms (Paragraphs 8–11) • elect arbitrator(s) and plan the appointment timetable, including any potential application to the LMAA President where required (Paragraphs 8–12). • gather the evidence you are likely to need and plan for paginated document bundles and supporting materials in the format typically expected in LMAA procedure (Fourth Schedule) Emergency measures • consider whether interim relief is needed from the court and/or the tribunal (general principle) • consider whether to seek security for costs as an interim measure; note applications for security for costs will not normally be considered until after service of defence submissions (Second Schedule, Paragraph 7) • make any necessary applications

The London Maritime Arbitrators Association (LMAA) has announced the election of James Clanchy, Gerard Hopkins and Karen Maxwell as Full Members of the association. The appointments expand the LMAA's roster of maritime arbitrators.

The London Maritime Arbitrators Association (LMAA) has published its caseload statistics for 2025. LMAA arbitrators reported 3,469 new appointments under LMAA Terms and Procedures, across an estimated 2,015 references. A total of 563 awards were issued in 2025, including 83 following oral hearings. The LMAA noted that these figures represent another year of consistent activity and highlight the continued prominence of LMAA arbitration in dispute resolution.