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Lloyd's to spend £150m on modernisation plans

The Lloyd's building

The Lloyd’s and London Market is considering a £150m overhaul of its processes in a bid to modernise operations but this could render Xchanging’s services redundant.

The current business process model is a joint venture between Xchanging Ins-Sure Services and Lloyd’s.

Sources suggested the business process outsourcing company could be replaced by a new system in

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Lloyd’s probe deepens after Clement promotion cleared

Lloyd’s is believed to have widened a fresh investigation into top-level behaviour, just as a report emerged that October’s review of the London Market’s former CEO John Neal’s relationship with his former head of corporate affairs Rebekah Clement ruled it wasn’t inappropriate.

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