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Lloyd's pulls plug on multi-million pound Kinnect

Lloyd's has decided to withdraw funding for the Kinnect programme following a review. In a statement the Lloyd's Franchise Board said it had decided that the platform was not optimal in ensuring more efficient business processes for the Lloyd's and London market and as a result it will close.

The decision was explained in a letter to customers sent by Michael Dawson, interim director of Kinnect:

"When I wrote to you in December following the 15 December Franchise Board meeting I committed

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