Operations/tech
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Rethink will join Dual, while Howden Analytics will join the reinsurance division. -
As part of the revamp, Michael Chang has been named global head of customer and distribution.
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The theme of yesterday’s market briefing is that Lloyd’s is now moving into a period of growth, having completed remediation, but it wants smarter, sustainable growth.
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Who will lead Italy’s 191-year-old insurer over the next three years? Analysts have their say.
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A hardening market, competition from start-ups and macro conditions have combined to drive up staff costs.
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With an abundance of detail on delivery, the Corporation can now be held to account.
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Discussing tomorrow’s publication of the Blueprint Two interactive guide, the Lloyd’s CEO said market reforms will slash servicing costs by 40%.
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With government guidance lifted, there is a growing pressure for an in-person presence in the London market.
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Lloyd’s will have no further wiggle room to delay the delivery of Blueprint Two elements this year, but it will depend largely on technology partners.
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The carrier said the move reinforces the importance of Lloyd’s as a platform.
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Datum Consulting has been set up to support commercial insurers, coverholders and brokers on data usage and digitisation.
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The Corporation is granting more flexibility but will keep a closer eye on cat, cyber and delegated authority next year.
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