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In his first public address to a U.S. audience, Lloyd’s Chief Executive Officer Richard Ward guaranteed a transformation in the world’s oldest insurance market by year’s end–promising greater contract certainty, electronic processing of all new claims and direct access for outside brokers.

“If we don’t achieve these goals by the close of 2007, I might be looking for another job,” he quipped in a speech here last week before the New York Chapter of the Risk and Insurance Management Society and the Association of Professional Insurance Women.

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