Lloyd's may purchase a messaging hub service for the market in a bid to improve the efficiency of the London placement process. The hub will minimise the variety of standards and systems currently used and enable clearer communication. Lloyd's is considering the purchase of an appropriate ready made tool rather than building a bespoke platform. The proposal has received positive feedback from a number of managing agents. Sue Langley, Director of market operations and North America at Lloyd's, stated that if market response continues to be positive, a pilot would be started involving a limited number of players in specific lines to test success. Langley also explained that the scheme would be very different from past schemes such as Kinnect and that its success would be measured by market response.
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Proposal to trial messaging hub experiment at Lloyd's
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