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

Scott LoBaido | The Relentless Patriot | 09-03-25