Lloyd’s modernisation attempts bound to stray down ‘blind alleys’ says John Neal
The team in charge of the Lloyd’s Blueprint One modernisation plans admits the process is not yet pinned down as Lloyd’s CEO John Neal said they would be “happy” to run proofs of concept several times before hitting on success, as the corporation today published plans for the project and revealed it will take a 40% stake in Placing Platform Limited.
Lloyd’s has raised £300m in debt to finance the first phase of its modernisation programme.
Addressing the press at a briefing yesterday, Neal said: “As we go through this sort of proof of concept
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