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22 May 2012

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Lloyd’s mulls appetite for £100mn+ Darwin project

Lloyd’s CEO: Darwin 'no comparison' with Kinnect

31 January 2012

Lloyd's CEO Richard Ward has reassured the London market that Project Darwin should not be compared to the ill-fated electronic placement initiative Kinnect, which cost the Lloyd's market at least £70mn before it was finally killed off in early 2006.

Speaking publicly for the first time on Project Darwin, Ward said the programme was examining the market's creaking back office, which, in some cases, is relying on technology and processes that are 30-years-old.

Ward told an audience of London market...

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