Bob James (pictured) has replaced Chris Halbard as chief executive of Velonetic (formerly the London Market Joint Ventures). The immediate leadership shake-up also includes the appointment of Callum Gibson as chief operating officer.
Consisting of XIS (Ins-Sure Holdings Limited) and XCS (Xchanging Claims Services Limited), Velonetic is a collaboration between DXC Technology, Lloyd’s, and the International Underwriting Association (IUA).
Lifting the lid on the development, which sees Halbard’s departure, Velonetic stated: “These leadership changes provide enhanced integrated leadership across Velonetic, DXC, and Lloyd’s, with support from the IUA, continuing to build transparency on delivery across the tech build, testing, quality assurance together with market engagement and readiness.”
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Referring to the delivery of phase one digital services, Velonetic said the immediate priorities of its board and shareholders have been establishing a clear timeline to complete the remaining technology build, the platform’s testing, the relevant quality assurance, and the regulatory notification framework.
James, the new CEO, commented: “Completing Blueprint Two provides the foundation for a data-first digital platform. I am proud to be part of the Velonetic team and, importantly, to work with DXC, the IUA, Lloyd’s, and everyone in the market, to complete the journey of Blueprint Two.”
Meanwhile Shaun Crawford, chair of the Velonetic board, emphasised the importance of the C-suite appointments.
“As we complete the build, and transition to the testing phases of the program, these leadership changes will help ensure the market’s objectives are delivered and embedded,” Crawford noted.
“I would like to thank Chris Halbard for his leadership in transforming the London Market Joint Ventures into Velonetic, positioning us for this next phase of digital transformation.”
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