Lloyd's signs four year contract for managed IT services
Lloyd’s has re-signed a managed services contract worth £10.5 million with European IT services provider, Steria. Steria will continue to provide applications management, data centre hosting and infrastructure management to the market – which has the capacity to underwrite £13.7 billion of business – until 2008.
Under the existing contract with Lloyd’s, Steria runs many of the systems that support core business processing, achieving more than 20 per cent reduction in running costs over the past five years.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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