February 26, 2020
Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be implemented during …
February 13, 2020
Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of its action plan to drive long-term cultural changes in the market. Lloyd’s started its cultural transformation program in March 2019 …
February 4, 2020
Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates. The first company to announce the launch of an SiaB …
February 4, 2020
Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost base of the market. One …
November 8, 2019
Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of consultation across the Lloyd’s market, …
September 30, 2019
Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build the most advanced insurance marketplace in the world.” This first blueprint, called “Blueprint One,” sets out six ideas of improved …
September 30, 2019
The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been wound down in its current form, having delivered the majority of proposed solutions, which are now in “run” mode and …
July 12, 2019
When the 10-week consultation period for “The Future at Lloyd’s” project ended this week, Lloyd’s confirmed that participation was widespread, with more than 4000 suggestions and comments received from market participants, customers and other stakeholders. Next steps? The market now …
July 10, 2019
Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked day and night to find a …
July 10, 2019
Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was first announced on May 1. Chief Executive Officer John Neal at the time encouraged practitioners to provide feedback and suggestions …