New Lloyd’s head drives contract certainty project

Prettejohn successor begins tenure with proposals that add to contract certainty effort

The new chief executive of Lloyd’s, Richard Ward, is stamping his mark on the contract certainty project in a proposal to streamline and speed-up the process of placing business in the London market. In a letter to the Lloyd’s market, Dr Ward said he was pleased with the improvements in achieving contract certainty but wants to “drive reform of the placing process harder”.