Fenchurch / LCM Solutions Form Strategic Partnership in Support of LMA – TOM

PRESS RELEASE

London, UK, November 19, 2018 Fenchurch Park London and LCM Solutions Canada are delighted to announce a strategic partnership specifically designed to consult into Managing Agents, London Market Insurers, London Market Brokers, MGAs and Coverholders in relation to TOM (Target Operating Model), a core component of the market modernisation proposal set out by the London Market Group.

Our strategic partnership is the only independent joint venture owned by senior market practitioners involved in TOM implementation and able to offer a truly global solution to the insurance market.

Commenting on the strategic partnership, Ed Gooda from Fenchurch Park, said ‘Today’s announcement comes on the back of a huge amount of work undertaken throughout 2017 - 2018 in London, Canada, USA, Europe and Asia. We have listened carefully to the demands of the market in relation to the TOM initiative and as a result of market demand we have responded. Together we offer the Lloyd’s and London market global reach and unrivalled capability in TOM implementation.’ Scott McFie from LCM Solutions, said ‘Combining our collective experience and expertise between Fenchurch Park and LCM will provide the market with the much-needed support to enable the progress required to ensure sustainability.  Having one platform for data entry will eliminate duplication, reduce cycle time, allow for transparency and simplification designed ultimately for the customer and positively impacting stakeholder administration.’ Fenchurch Park and LCM are excited to assist the Lloyd’s market and their stakeholders achieve success with the implementation of this key market initiative.

Fenchurch Park is a consultancy firm specialising in insurance/reinsurance, claims and underwriting needs within Lloyd’s and London market, providing technical expertise and global support to a variety of market organisations.  

LCM Solutions (Loss Control Management Solutions) is a business optimization advocacy firm who provide bespoke solutions focusing on improving organizational profitability and accountable outcomes through data analysis, systems, alignment of products or services, supply chain, procurement, audit and compliance. Its enterprise approach simplifies process and improves customer engagement.

COMMENT AND PRESS ENQUIRIES

For more information regarding our strategic partnership please contact:

Ed Gooda FCII SIRM, Managing Director, Fenchurch Park Ltd. +44 7808 664046 edgooda@hotmail.com

Scott McFie, Managing Director, LCM Solutions Inc.  1 604 771 4485  smcfie@lcmsolutions.ca

Mark Weir, CIP, CRM, Managing Director, LCM Solutions Inc.  1 905 506 5564  mweir@lcmsolutions.ca

 

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