Courtesy of London Market Group
December 21, 2021 -- The London Market Group is pleased to announce the creation of its Data Council, whose purpose is to drive the digitisation of the London Market through a commitment to using standardised and high-quality data between all market participants and their clients. Specifically, it will drive adoption of:
- Data standards in conjunction with ACORD
- Placement and claims in the London Market’s Core Data Records (CDR), which is the critical transaction information that will drive an increase in automated processes
- Computable contracts
- Data assembly processes across the market
- Application Programme Interfaces (APIs)
Sheila Cameron, CEO of the Lloyd’s Market Association, who will chair the Council commented: “The creation of this body is a critical step in taking the London Market to the next stage of its digital development. When it meets for the first time in January, it will kick off a process to get data standards and the Core Data Record agreed and supported by the entire market. I am grateful for the commitment and enthusiasm that everyone has shown in agreeing to make this happen.”
The Council will represent all the constituents across the London market. Its members are:
Broker community
Clyde Bernstein, Head of Broking, GB & Global Head of Broking Technology, Willis Towers Watson
Greg Collins, CEO, Miller
Richard Dudley, CEO Global Broking Centre, Aon
Jonathan Prinn, Chief Digital Officer, Inver Re & Chair of the Data Council's Technical Group
Barnaby Rugge-Price, Chairman, Howden Broking
Dominic Samengo-Turner, CEO Marsh Specialty UK, Marsh
One broker nominee to be confirmed
Insurer community
Hugh Brennan, CEO Renaissance Re Syndicate Management, Renaissance Re
Paul Greensmith, Global Head of Specialty, AIG
Phil Hobbs, Deputy Managing Director Liberty Specialty Markets, Liberty
Paul Jardine, Chairman, Asta and Chaucer
Kate Markham, CEO Hiscox London Markets, Hiscox
Rob Wilson, CUO Chubb Global Markets, Chubb
Lloyd's and other communities
Sheila Cameron, CEO, LMA
Christopher Croft, CEO, LIIBA
Steve Hicks, Head of Data Products, Lloyd’s
Sue Jakobek, CEO, PPL
Bob James, Market Transformation Director, Lloyd’s
Dave Matcham, CEO, IUA
Chris Newman, Managing Director - Global, ACORD
Jen Rigby, COO, Lloyd’s
Peter Spires, General Counsel, Lloyd’s
Caroline Wagstaff, CEO, LMG
DXC’s Joint Ventures’ nominee to be confirmed
For more information please contact:
Victoria Sisson, Luther Pendragon | Tel: 07941 294872