Lloyd’s International Trading Advice (LITA) would like to inform market participants that, in keeping with market modernisation efforts to meet the unique and rapidly changing needs of the Lloyd’s market, the set LITA desk hours in the Underwriting Room have been discontinued. This change takes place in the context of a rise in market enquiries to LITA via predominantly electronic means of communication, along with increased market usage of Crystal and the Risk Locator Tool as part of standard due diligence processes.
Going forward, LITA intends to continue its efforts to enhance regulatory understanding and capabilities across the Lloyd’s market. This will include work and training on Crystal and the Risk Locator Tool, given their paramount importance in light of Lloyd’s Brexit solution and other regulatory changes worldwide. In addition, LITA will place greater focus upon ‘by appointment’ consultancy sessions, which offer market participants the opportunity to speak with a LITA associate in depth on a more tailored basis to discuss regulatory requirements and Lloyd’s trading status around the world. LITA has adopted this format following successful sessions which have demonstrated the advantages of face-to-face communication where enquiries are more complex and global in nature.
Market participants may contact LITA for regulatory guidance or to make an appointment via telephone (+44 (0)20 7327 6677) or by sending an email to LITA@lloyds.com. Appointment times are subject to availability. As always, LITA will endeavour to respond to enquiries within their service level standard of four working days.