Today the Shareholders and Board of Velonetic (Lloyd’s, DXC Technology and the IUA), announced the appointment of Bob James as Chief Executive Officer of Velonetic (previously known as the London Market Joint Ventures), and Callum Gibson as its Chief Operating Officer. Both appointments are effective immediately.
These leadership changes provide enhanced integrated leadership across Velonetic, DXC and Lloyd’s, with support from the IUA, continuing to build transparency on delivery across the tech build, testing, quality assurance together with market engagement and readiness.
The immediate priorities of the Velonetic Shareholders and Board have been establishing a clear timeline to complete the remaining technology build; the testing of the platform, the quality assurance of both activities, and the regulatory notification framework. This has been communicated to the market today as part of a new end-to-end plan to deliver phase one digital services, including key milestone dates for build completion and testing.
Velonetic Board Chair Shaun Crawford said “As we complete the build, and transition to the testing phases of the program, these leadership changes will help ensure the market’s objectives are delivered and embedded. I would like to thank Chris Halbard for his leadership in transforming the London Market Joint Venture into Velonetic, positioning us for this next phase of digital transformation.”
Bob James, CEO of Velonetic, said: “Completing Blueprint Two provides the Foundation for a data-first digital platform. I am proud to be part of the Velonetic team, and importantly, to work with DXC, the IUA, Lloyd's, and everyone in the market, to complete the journey of Blueprint Two.”
With these changes, Chris Halbard will be leaving Velonetic.
Tuesday 20 August 2024
Enquiries to:
DXC: [email protected]
Lloyd’s: +44 (0) 20 7327 5111 | [email protected]
Velonetic: [email protected]
About Velonetic
Velonetic™ is the trading name of Ins-sure Holdings Limited (XIS) and Xchanging Claims Services Limited (XCS) – the joint ventures between DXC Technology, the International Underwriting Association, and Lloyd’s. Velonetic brings a single identity to the London Market Joint Ventures which has been referred to as the JV, Xchanging, XIS, XCS, and the Bureau over our 20-year history.