The Lloyd’s Market Association has begun its Graduate Wording Training Scheme, its new initiative designed to produce qualified and technically trained solicitors for the London insurance market.
Tara Allen and Faisan Mahmood have been selected as the first trainees on the programme, enabling the two to gain experience of claims, wordings and underwriting, as well as legal and regulatory matters relevant to insurance.
Arabella Ramage, legal director at the LMA, said, “We are pleased to announce this addition to our comprehensive skills provision to the London market. The LMA prides itself on supporting our members on legal and regulatory issues such as law reform and financial services regulation.
The LMA intends the pilot programme to become an established rolling training scheme to strengthen the legal and wordings expertise available to the London market, taking on new trainees on an annual basis.
“This year, we committed to developing and implementing an LMA legal training programme to augment the pool of employees available to the market with wording’s expertise,” Ramage added. “We plan to recruit two additional trainees in 2023 to ensure an annual cohort of skilled legal trainees. We firmly believe that this will be an important investment in development of technical ability in the Lloyd’s market.”
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