New platform under fire from brokers

30 Jan 2019

The new Lloyd's Bridge platform, launched in July, is causing considerable disquiet in the London market broking community who felt that they should have been consulted ahead of the launch, according to a feature published today in Insurance Day.

The platform aims to allow Lloyd’s syndicates to save on distribution costs by providing coverholders with quick and easy access to the market, potentially transforming how business is done at Lloyds. 

Damian Cleary, head of BLM’s London Market practice shares his views: "The traditional supply chain of insurance is not very efficient and so there will be increased effort to gain access to the market without the traditional cost of the established distribution channels..." 

To hear more from Damian and to read the full article click here (subscription needed).

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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Damian Cleary

Damian Cleary

Partner and head of London Market,
London


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