LIIBA Life mini episode 7 – a nation transformed
Or rather one bit of a nation, whilst the other three bits invest heavily in Italian merchandise and plan pasta parties for Sunday night. A subtlety our media seem to miss.
Just a quick update this week as I am not really here. But there are some important things to tell you.
Whilst we are there we may as well stick with the football. And given the general media frenzy falling over itself to canonise St Gareth now, I thought we might bring some objectivity with the LIIBA player ratings for Wednesday’s semi-final.
Jordan Pickford – odd hair; should have saved the free kick and what was with rolling the ball gently to the Danish striker early on? 2
Kyle Walker – his searing pace saved England on a number of occasion with last gasp interventions. But if he was any good at defending, he would not have been so out of position in the first place 3
John Stones – just because he hasn’t fallen over and gifted a goal to the opposition yet, doesn’t mean he won’t do on Sunday 5
Harry Maguire – central defenders often have to walk a tightrope with referees and red cards. So how on earth can you get yourself booked at an attacking corner? Also loses points for being the subject of a truly terrible song 1
Luke Shaw – mid level trundler who had one decent game 4
Declan Rice – just a little bit too eager to be liked 3
Kalvin Phillips – George Best once remarked that Carlton Palmer “traps the ball further than I could kick it”. Clearly a trait in Yorkshire midfielders. 2
Raheem Sterling – I nearly missed my last train because you missed that sitter in the first half that could have wrapped things up in normal time 0
Harry Kane – worst penalty seen at Wembley since Lineker’s attempt at a Panenka against Brazil. Plus the four paces he took in his run up were two more than he had taken all night up until that point 1
Mason Mount – if you are in the team only because you are prepared to wear longer socks than your rival for the role, it says a lot 3
Bukayo Saka – must this poor kid have to do everything to carry the other 10 Donkeys? Each game reveals more of his burgeoning genius 11.
LIIBA web festival
I am conscious that we have somewhat bombarded you with invites for online events recently. But there are some really important sessions coming up and so I want to make sure you have not missed them.
Friday 16th July at 9:15am we have the final leg of our summer season in conjunction with EY. This will be a refresher course on SMCR. You may have noted that FCA wrote to mortgage brokers a couple of months back to raise some issues with their SMCR compliance. This is an opportunity to make sure we do not end up in a similar boat.
Tuesday 20th July at 10am come and hear Joanna Crellin, Director General of Trading Systems at Department for International Trade set out all the resources government has at hand to help you access new markets and clients. I think most people are agreed that there is a real opportunity to grow London market business over the next five to 10 years. DIT has financial services experts in the trade commissions spread across the world whose job it is to help you do that. But they need pointing in the right direction. So we need to get better at lobbying these people both collectively as a community (and we at LIIBA are already pursuing a number of initiatives on this) and individually as firms. This session will be an important part of that process. After all, there is a reason why journalists almost ubiquitously ask about scotch whisky in any trade debate. It is because that sector is really effective at making its voice heard. Register for this one via the link below. Each registration will automatically enter you into the draw for the LIIBA fact finding mission to Islay.
Thursday 22nd July at 8:30 is our Members Debate on the role of insurance brokers in achieving net zero. We have a stellar line up which is testament to the growing realisation in wider circles that we really are pretty crucial; in all this. Speaker will be:
- Chris Stark (CEO of UK Climate Change Committee);
- Julian Richardson (Parhelion Underwriting);
- Dr Bronwen Claire (Head of Climatewise at University of Cambridge);
- Sagarika Chatterjee (Director of Climate Change at UN Principles for Responsible Investment);
- LIIBA’s very own Richard Dudley
Really hope you can make this pretty prestigious event. Registration link below.
Delegated Data Manager (DDM) LIIBA will be running a webinar for brokers on Tuesday 20th July. As the DDM system is pivotal to a number of Future at Lloyd’s initiatives on placing, technical accounting and claims, and form part of the conditions of trade being put in place next year, we recommend brokers working in any of these areas attend the session. Registration link below.
- LIIBA are liaising with Lloyd’s to help produce additional “Knowledge Articles” for DCM that can be made available to market participants prior to the go live date at the end of this month. The articles will advise users of specific guidance around processes and functionality our DCOM sub-group have highlighted as requiring further information.
- We have been advised some brokers are still applying the old co-lead claims agreement clause to binders (the CLCA is mandated where all markets are Lloyd’s) The correct clause is LMA9186. We are currently working with the other associations to create a cross market CLCA and details will be advised once agreed.
- The Future at Lloyd’s Faster Claims Payment (FCP) pilot is now live, with a number of claim settlements having already been processed with a direct settlement time of 45 seconds. LIIBA have created a broker sub-group to monitor progress and liaise on how the detail will be implemented throughout 2021 / 2022.
- LIIBA’s DACC have for the last year been liaising with the LMA’s DA claims committee with a view to releasing delegated claim standards. The LMA have now detailed which managing agents have signed up to these standards that can therefore be relied upon when dealing with these underwriters. Further details can be found here: https://www.lmalloyds.com/LMA/News/LMA_bulletins/LMA_Bulletins/LMA21-030-TB.aspx There is also a helpful “bitesize” video on the LMA website that covers information about the standards themselves: The DCS detail is number 12. https://www.lmalloyds.com/LMA/Claims/Online_Bitesize_sessions/LMA/Claims/Claims_Bitesize/Claims_online_Bitesize.aspx?hkey=63c1c3dd-eee2-4552-8acf-d575a5242fce
Until next week. Il calcio sta tornando a la casa as they say.