13 October 2015
LMG press release

LMG invites young insurance professionals to help shape the future of the London market

At a forum held today for young professionals in the Lloyd’s and London market, the London Market Group (LMG) today announced plans to appoint two young professionals on each of the initiatives within the Target Operating Model (TOM).  Their role will be to assist in the design and build of each area and to ensure that their skills, insight and expectations influence the modernisation plans for the London market. They will also lead the efforts in the long-term to build on the five year plan to ensure it's where it needs to be in terms of fully utilising the skills and expectations of Generation Z and beyond.

Shirine Khoury-Haq, the LMG sponsor for the TOM and Director of Operations at Lloyd’s said:

“It is great that young insurance professionals are committed to helping modernise our market. Of the 15 initiatives within the TOM some, like PPL, are getting close to launch, while others are still in their early stages. Each of them is building momentum and can only be improved by fresh, innovative thinking from the next generation. This is more than just a good thing, it is vital. We are building a market for 21st century risk – with a model designed and implemented by the people who will be responsible for leading it. Their ideas, energy and commitment will be invaluable in shaping how our market will operate in the future."

Amy Stringer, Senior Communications Executive at the Lloyd’s Market Association (LMA) and project lead for its cross-market engagement with young professionals, said:

“I am delighted that young professionals are being given this opportunity to get more actively involved in helping to ensure that London continues to be the market of choice of the future. Results from a recent LMA survey identified enthusiasm from the market’s under 35s to influence the London market modernisation agenda. It is important that the views of young professionals are heard as changes made now are certain to shape their careers, so this provides an exciting opportunity for us to help influence key decisions for the future.”

More details of how the young professionals will be selected and their role in the London market modernisation initiatives will be released in the New Year.

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Notes to Editors

For more information please contact:

Charlie Evans at Luther Pendragon
Tel: 07769 648812