Lloyd's Chief Warns Firms Over Modernization Delays

Mr. Ward was responding to a letter sent to the market by Market Reform Group Chairman Dane Douetil about the slow take-up of electronic processing through the Electronic Claims File and the Accountin

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London market leaders must accelerate the pace of electronic processing or face sanction, Lloyd’s Chief Executive Richard Ward warned this week.

In a letter to managing agents, Mr. Ward said the Franchise Board will take “firm action where necessary” to ensure that progress is made.

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