Lloyd's clarifies terrorism reimbursement position: Lloyd's has published a Market Bulletin focusing on the amendments to the Terrorism Act that the Counter-Terrorism and Security Act 2015 will introduce. The law will clarify that insurers and reinsurers cannot reimburse ransom payments made to terrorists. It notes that kidnap and ransom insurance can still pay out on non-terrorism related criminality. Lloyd's says it understands the industry knows the law anyway, but asks all managing agents to ensure their compliance frameworks will prevent any illegal payments being made. (Source: Lloyd's Clarifies Terrorism Reimbursement Position)