LMA – 2021: A Big Year for Bloodstock at Lloyd’s

Author - David Powell

In many ways the Lloyd’s Bloodstock market epitomizes Lloyd’s as a place to do business; it is a specialty marketplace with expert underwriters working with niche brokers to provide unique products to a global client base.

It is a relatively small market (combined GWP for bloodstock and livestock insurance and reinsurance was c£150m in 2019) and it is also a challenging time for this class, with many books struggling to make a profit in recent years. Despite the difficult market conditions, which underwriters are working hard to improve, 2021 is shaping up to be a big year for the LMA’s Bloodstock & Livestock Committee. It is working with underwriters to support and assist them, with some major projects in the pipeline. Here’s what’s coming up.