Ep253 Sheila Cameron LMA: Stick to your Values

Today’s guest was the very first interviewee on this podcast over
250 episodes and five years ago. She’s been on since as part of a
multi-person episode, but it’s great to get her back on the show
one on one. With a new Lloyd’s Chairman, CFO and CEO all now
announced and either just starting or about to start their
tenures, the timing couldn’t be better. The Lloyd’s Market
Association (LMA) represents the interests of underwriting
businesses at Lloyd’s and Sheila is a very effective leader,
spokesperson and focal point for that hugely important
constituency. In this interview she sets out the LMA’s priorities
as the Lloyd’s baton is passed to a new team. Sheila is crystal
clear on what her members want and this interview is a Tour de
Force. We cover everything from the LMA’s top ask of the new
 regime all the way through to the future of underwriting
and capital provision in the market. Sheila’s very direct and our
conversation doesn’t duck thornier topics such as the market’s
frustratingly slow technological reform process, and the
difficult-to-navigate cultural reform agenda. By the way, we made
this recording a few days before the unveiling of Patrick Tiernan
as the next CEO of Lloyd’s, but the messages for the incoming
leader are loud and clear and still current. The LMA is an
essential and vibrant trade body and Sheila is its equally
essential and vibrant voice. And I think the result is essential
listening for anyone with an interest in the future direction of
the Lloyd’s Market. NOTES: We mention a report on Enhanced
Underwriting. This was penned by the LMA and Oxbow Partners and
is entitled: The Growth of Enhanced Underwriting in the Lloyd's
Market: The New Normal? The Executive summary and full download
links are here:
https://www.lmalloyds.com/LMA/lma/News/Blog/Enhanced_Underwriting_Report.aspx
LINKS: We thank our naming sponsor AdvantageGo:
https://www.advantagego.com