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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
You may also like
More on Broker
Biba 2025 Countdown: Granite’s Alistair Rose
Alistair Rose, managing director of Granite Underwriting, talks up the merchandise on its stand, recommends Manchester Art Gallery as a calm place to reflect on the Biba buzz, and highlights an emergency snack stash as essential to get through the two days.
Markel becomes Biba partner
The British Insurance Brokers’ Association has welcomed Markel as an official partner.
Clear rebrands MGA unit to Shape Underwriting
The managing general agents division of the Clear Group has rebranded to Shape Underwriting, effective immediately.
Biba unveils new 5.2% regulation costs metric
The British Insurance Brokers’ Association has revealed for the first time the impact of regulation costs on insurance premiums paid by clients, setting the proportion at 5.2%.
Acrisure kicks off broker rebrands with Sutton Winson
Sutton Winson has become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK being renamed as Acrisure UK Broking with others to follow during the course of the year.
Most read
- Gallagher tipped to win the race for PIB
- FCA ends Scottish broker’s trading permissions after dual pricing attestation and response failures
- UK commercial rates falling faster – Marsh