Architect of Lloyd’s modernisation drive to step down

The Lloyds building in London

The architect of Lloyd’s modernisation drive, Shirine Khoury-Haq, has stepped down from the Corporation.

Her resignation follows that of the earliest advocate of her work, Inga Beale, who left Lloyd’s last month..

Khoury-Haq was the pioneer behind the Target Operating Model, of which electronic placement business Placing Platform Limited was a key element.

Of around 160 brokers who place business through Lloyd’s, just 44 are registered on the system.

Lloyd’s CEO John Neale credited Khoury-Haq as the “driving force” behind the market modernisation plans.

He said: “Having created the vision for the TOM, she built the consensus and momentum needed to deliver on its promise so that market firms are now seeing genuine benefits.”

Khoury-Haq said after seeing TOM being implemented ahead of schedule, it was time to look for the “next challenge”.

She said: “Solutions have been designed and built that are transforming the way insurance is conducted in London.

“We have made considerable progress in Operations within Lloyd’s and the London Market TOM has been well adopted.”

The Corporation said it would announce her departure date “in due course”.

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