DXC Technology, a Fortune 500 global technology services company, has announced the appointment of two new roles for its senior executives at the London Market Joint Ventures, in association with Lloyd’s and the International Underwriting Association.
Chris Halbard, who previously was the President of DXC’s business in the EMEA region, will now assume the role of Chief Executive Officer of 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, of DXC Insurance Software and Business Process Services, will join the board of the London Market Joint Ventures. August is a market veteran with 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 and expand their geographic reach to other markets.
Bob James, Chief Operations Officer at Lloyd’s commented on the hires, “Both Chris and Ray have been important and active advocates for the Joint Ventures and the delivery of Blueprint Two. 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.”
The appointments will help drive digital transformation for the London and global insurance markets, helping them to become more data-first, agile, and secure.
Halbard commented on his hire, “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. 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.
August added, “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. 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.”
Comprising shareholdings of DXC Technology, the International Underwriting Association and Lloyd’s, the Joint Ventures, XIS and XCS, have been providing Business Process Services to the London insurance market for over 20 years, managing over 3.7 million premium and claims submissions annually.
