Lloyd’s and Xchanging agree new Project Darwin terms
When Project Darwin first emerged last year, one school of thought decided that it was a veiled attempt by Lloyd's and the London market to dramatically reposition the outsourcing arrangement it has with Xchanging to run the market's back office.
If that was ever the case, then a new sense of collegiate common purpose has emerged as Lloyd's and the outsourcing firm have agreed that it shall retain its contract to provide the market's existing processing and settlement services, according...
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