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Modernizing Lloyd's a challenge: Chairman

Posted On: Jun. 20, 2019 6:18 AM CST

Lloyd's of London

Bruce Carnegie-Brown, chairman of Lloyd's of London, said that the marketplace's intricate structure involving 99 syndicates and hundreds of insurance brokers could hamper its efforts to set up electronic platforms, Reuters reported. Lloyd's is preparing to switch business to two automated exchanges in 2020.

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