Reinsurance News
blueprint two
Lloyd’s unveils new strategy as market adapts to Blue Print Two sunset
19th March 2026
In a statement accompanying the firm's annual report, Patrick Tiernan, CEO of Lloyd’s, described the future of the market’s infrastructure as an ecosystem of intelligent solutions, built on common data standards and interoperability, with a new strategy designed to "raise the bar" and remove the friction that constrains performance. Fully detailed ... Read the full article
Blueprint Two announces further delays, with an earliest go-live of 2028, says WCL’s James Willison
9th September 2025
In an interview with Reinsurance News around RVS 2025, James Willison, Managing Director at Web Connectivity Limited (WCL), said the Velonetic build of the new Blueprint Two infrastructure was reported as being complete in May this year and the challenging testing phases could begin to prepare for a safe go-live. ... Read the full article
Lloyd’s CEO resets expectations around Blueprint Two timeline
4th September 2025
In a frank letter accompanying Lloyd’s half-year results, CEO Patrick Tiernan called for a reset of expectations around key milestones for Blueprint Two, including market testing, dress rehearsals and a safe cutover, confirming that the re-platforming element will not be completed before 2028, and stressing the level of care required ... Read the full article
Chaucer goes live with WCL’s Alternate Solution ahead of Blueprint 2
20th August 2025
Chaucer Group is now live with Web Connectivity Limited’s (WCL) messaging solution Alternate, in preparation for Blueprint 2, the transformation project in the London market that plans to update the central market messaging infrastructure. Alternate will allow Chaucer to process 'unsupported' messages from Velonetic, an insurance technology solutions provider. Hayley Spink, Chaucer ... Read the full article
IUA details plan to support adoption of London market digital services
27th June 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has published the details of a dedicated company market support programme for adopting the new digital processing services in the London market. Last week, the target cutover date for switching to phase one of the single digital ... Read the full article
LMA backs postponement of cutover date for Blueprint Two
21st June 2024
Sheila Cameron, CEO of the Lloyd's Market Association (LMA) has noted that it welcomes the decision by Velonetic, supported by Lloyd’s Council, to postpone again the cutover date for Blueprint Two, which was "taken in light of the reality that delays in testing have meant that it is no longer ... Read the full article
IUA forms committee to oversee digital transition
10th June 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has formed a new committee to oversee the adoption of digital services. As part of the Blueprint Two initiative, a unified digital platform for processing premiums and claims is being developed, with the first phase set to launch ... Read the full article
Blueprint Two phase one digital services cutover pushed back three months
28th March 2024
Velonetic has revealed that the market cutover to Blueprint Two phase one digital services will move from July 2024 to a target date of October 2024, a decision driven by feedback shared by market participants and their respective market associations. If you recall, back in December of 2023, after a ... Read the full article
Next phase of Blueprint Two to launch in April 2025: Lloyd’s
7th December 2023
After a request from the Lloyd’s Market Association (LMA) Board, Velonetic and the Lloyd’s marketplace have decided to move the launch date of phase two of Blueprint Two digital services (which includes the Digital Gateway) to April 2025. Earlier this year, it was confirmed that the Blueprint Two digitalisation programme will ... Read the full article
Amwins, Costero and Consilium among first brokers to adopt new market reform contract MRC v3
6th December 2023
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year program builds on the foundations laid by Blueprint One in September 2019 and focuses on shifting the market ... Read the full article
Lloyd’s FCP solution now covers over 70% of delegated business
4th April 2023
Insurance and reinsurance marketplace Lloyd’s of London said it made "significant progress" against its Blueprint Two goals in first-quarter 2023 in market adoption of the Faster Claims Payment (FCP) solution, which now covers over 70% of delegated business. Lloyd’s said that work has been completed to define the delegated authority data ... Read the full article
All London market tech partners now support Blueprint Two solutions: Lloyd’s
6th December 2022
The specialist Lloyd’s insurance and reinsurance marketplace has confirmed that all London market technology vendors that interact with the existing central services have pledged their intent to introduce changes to their platforms to accommodate the new Blueprint Two solutions for the London insurance market. According to Lloyd's, Blueprint Two will digitalise ... Read the full article
Lloyd’s CFO to take on COO duties
17th January 2022
Lloyd’s CFO Burkhard Keese is lining up to take on COO duties when incumbent Jennifer Rigby departs towards the end of this month. The new structure, under which Keese will maintain both roles, is being put in place to facilitate the delivery of Lloyd’s Blueprint Two programme. That programme is the second ... Read the full article
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