London Market announces interim sponsor for the LM TOM
The London Market Group (LMG) has announced that John Neal, CEO of Lloyd’s will take over as the interim sponsor of the Target Operating Model (LM TOM) following the departure of Shirine Khoury-Haq, COO of Lloyd’s and sponsor since the workstream’s inception in 2015.
Andrew Horton, Chair of the LMG, said: “The LM TOM has delivered a significant number of solutions to the market, helping move risk, data and funds around the market with less paper, more speed and greater accuracy. Having John’s energy and focus is crucial to helping us to reap the rewards of the market’s investment as we work together to drive integration and realise the benefits of all our hard work.”
John Neal commented: “There is absolutely no room for complacency in the work of the LM TOM and I am keen that the workstream continues to have the leadership it needs to keep moving forwards. We have worked to understand what has been delivered against the original vision and the market is fully engaged in conversations about what needs to happen next.”
Next stages being discussed include more work in the Delegated Authority space to further support coverholders, further integration of the LM TOM solutions already delivered and agreeing a way forward for an enhanced claims service.
For more information please contact:
Caroline Wagstaff, Luther Pendragon | Tel: 020 7618 9158