XIS & XCS Limited (London Market Joint Ventures) rebrand to 'Velonetic – Powered by DXC Technology, the International Underwriting Association, and Lloyd’s of London'
Velonetic emphasises the speed and energy required to drive the transformation of the global insurance market.
London, UK, 18 September 2023 – XIS & XCS Limited (The London Market Joint Ventures) has been rebranded to Velonetic™. The combination of velocity and kinetic to encapsulate the speed and energy required to lead, shape, and build the digital future of the global insurance market.
Velonetic’s new digital platform and services to be launched in 2024 will enable market participants to benefit from streamlined processes, a single platform, and the evolving developments in AI.
Chris Halbard, CEO of Velonetic says that “Velonetic recognises the pivot point for the industry as we bring together our decades of experience in the insurance market, the expertise of our people, and the power of technology, to deliver speed, energy, agility, and resilience to our customers.”
Notes to editors
Velonetic™ is the trading name of Ins-sure Holdings Limited (XIS) and Xchanging Claims Services Limited (XCS) – the joint ventures between DXC Technology, the International Underwriting Association, and Lloyd’s.
Velonetic brings a single identity to the London Market Joint Ventures which has been referred to as the JV, Xchanging, XIS, XCS, and the Bureau over our 20-year history.
On 18 September, Velonetic launched a new website and opened its new space in the heart of the City of London on Gallery 4 of the Lloyd’s building, where people can visit, meet, and collaborate.
Visit Velonetic on Gallery 4 of the Lloyd’s building in Lime Street, London