Market mulls new data exchange system to improve communication

Lloyd's is considering piloting a new messaging hub in order to exchange complex data between managing agents and brokers.

The proposal would be an off-the-shelf package and tailored to be compatible with the systems of Lloyd's members.

A Lloyd's spokesman said: "Our vision is to create an efficient, competitive, operating environment that will enable managing agents and brokers to deliver excellent service to their customers from anywhere in the world. We will be looking at the different options