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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

Market Insights

Lloyd's of London implements first phase of the Future at Lloyd's

The market's first risk exchange pilot program also begins in 2020. It will connect broker and e-trading portals.

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"Everything we are doing at Lloyd's is designed to increase the market's relevance, reduce its costs and increase the policyholders' confidence in Lloyd's," says Lloyd's CEO John Neal. (Photo: Chris Ratcliffe/Bloomberg) “Everything we are doing at Lloyd’s is designed to increase the market’s relevance, reduce its costs and increase the policyholders’ confidence in Lloyd’s,” says Lloyd’s CEO John Neal. (Photo: Chris Ratcliffe/Bloomberg)

Months after announcing its plan to become the most advanced insurance marketplace in the world, Lloyd’s of London published its execution plans for the first phase of the Future at Lloyd’s.

As part of those plans, Lloyd’s also confirmed that the Corporation will take a 40% stake in the London Market’s electronic placing platform (PPL), which will form a key component of the new complex risk platform.

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Denny Jacob

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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