Lloyd's outlines priorities for 2020
CEO John Neal says the corporation has raised £300m in debt to fund Future at Lloyd's programme as he admits Lloyd’s is “bound to go down some blind alleys” as it seeks to transform.
Lloyd’s has released an update to its Blueprint One, detailing its 2020 priorities as part of its Future at Lloyd’s strategy.
The corporation stated that it has raised £300m in debt to finance the programme, with chief executive officer John Neal adding: “Including our reserves this means we’re sat on cash of £400m to be able to finance what we need.”
During the transition period, Lloyd’s stated it had also set up the governance structure and established the delivery teams.
The first phase of
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