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Lloyd's needs to digitize, tap new capital sources: CEO

Posted On: Jun. 14, 2019 6:31 AM CST

Lloyd's of London

John Neal, chief executive of Lloyd's of London, said that the marketplace needs to increase use of technology and tap into new sources of capital or face irrelevance, reports. Mr. Neal said that Lloyd's products are failing to keep up with the changing landscape of risks driven by speed and flexibility and the marketplace needs to cut operating costs and remove barriers for capital providers.

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