New roles help drive digital transformation of London and global insurance markets
LONDON, June 15, 2023 /CNW/ - DXC Technology, a leading
Fortune 500 global technology services company, has announced new
roles for two of its senior executives at the London Market Joint
Ventures, in association with Lloyd's and the International
Underwriting Association (IUA).
The appointments will help drive digital transformation for the
London and global insurance
markets, helping them to become more data-first, agile, and
secure.
Chris Halbard, who was previously President of DXC's business in
the EMEA region, will assume the role of Chief Executive Officer to
the London Market Joint Ventures. In this position, he will provide
the leadership required for the next chapter of the Joint Ventures'
growth and development.
Ray August, President &
Global Lead, DXC Insurance Software and Business Process Services,
will join the board of the London Market Joint Ventures. Tapping
more than three decades of experience in insurance and technology,
he will help guide the Joint Ventures as they deliver on their
commitments to the Lloyd's and London insurance markets, as well as expand
their geographic reach to other markets.
"It's an honour for me to lead the London Market Joint Ventures
into the next era as we play a critical role in helping insurance
companies modernize their legacy systems while optimizing for the
future with applications running in the cloud and utilizing the
latest AI models," said Halbard. "It's an exciting time for me to
lead this amazingly talented and highly experienced team to ensure
we deliver maximum value to customers and shareholders."
"Together, with Lloyd's and the IUA, we are building a
data-first, agile and secure London and global specialty insurance
marketplace fully aligned with the vision outlined in Lloyd's
Blueprint Two," said August. "I'm delighted to assume an increased
role and will reinforce a common goal with clear accountability
across all stakeholders. Through this ongoing collaboration and
teamwork, we will turn this vision into reality."
"Both Chris and Ray have been important and active advocates for
the Joint Ventures and the delivery of Blueprint Two," said
Bob James, Chief Operations Officer
at Lloyd's. "These new appointments strengthen the Joint Ventures
as a critical player in the insurance market with the skills and
technological capabilities required to drive deep and lasting
transformation for London other
global insurance markets. Chris, the entire JV Board, the IUA, and
Lloyd's are committed to the successful delivery of Blueprint Two
which will enable a Better, Faster, and Cheaper set of services in
a digital and cloud-based environment where structured and
standardised data is the core of how the market will operate in the
future."
Comprising shareholdings of DXC Technology, the International
Underwriting Association and Lloyd's, the Joint Ventures, XIS and
XCS, have been providing Business Process Services (BPS) to the
London insurance market for over
20 years, managing over 3.7M premium
and claims submissions, and handling over 200M messages annually.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their
mission-critical systems and operations while modernizing IT,
optimizing data architectures, and ensuring security and
scalability across public, private and hybrid clouds. The world's
largest companies and public sector organizations trust DXC to
deploy services to drive new levels of performance,
competitiveness, and customer experience across their IT estates.
Learn more about how we deliver excellence for our customers and
colleagues at DXC.com
About the London Market Joint
Ventures (XIS and XCS)
The Joint Ventures or JV are made up by XIS (Ins-Sure Holdings
Limited) and XCS (Xchanging Claims Services Limited). With
approximately 1,400 people supporting the Joint Ventures, they have
been providing back-office and technology services to the Lloyd's
and company London insurance
market since 2001.
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