How the 330-year-old Lloyd’s is getting a makeover
Lloyd’s outlined plans in May to set up e-platforms from 2020, but its structure involving 99 underwriting syndicate members and hundreds of brokers makes change difficult
19 June 2019 - 12:04
New York — Modernising Lloyd’s of London will be a challenge, its chair, Bruce Carnegie-Brown, said in New York late on Tuesday, as the 330-year old insurance market prepares to switch business to two automated exchanges.
The specialist Lloyd’s market insures everything from hurricane damage to football stars’ legs, but has been buffeted by two years of steep losses due to high levels of insured losses from natural catastrophes...
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