Asset Infrastructure Programme

Overview

The Asset Infrastructure Programme seeks to address significant inefficiencies / issues in existing processes and establish an integrated infrastructure that consolidates Corporation Assets including the Central Fund, Funds at Lloyd’s (FAL), and Premium Trust Fund (PTF) assets onto a single data model and reporting framework. This will result in enhanced operational efficiency, service delivery and customer experience, as well as being a potential enabler for enhanced returns for the Corporation and the Market.

The programme is aligned to the strategic finance goal of reducing the burden and cost to the Market, making Lloyd’s the preferred specialty market through the cycle. The programme will deliver against objectives aligned to achieve predictable performance & resilient capital.

Current challenge

The existing framework for asset related services to the Lloyd’s market is fragmented and does not provide the simplicity, transparency and control required to manage assets optimally. There are high costs associated with manual and cumbersome data submissions, reconciliation and reporting processes for both Managing Agents and Lloyd’s.

Duplication in infrastructure costs, with separate Central Fund investment management infrastructure and infrastructure for Member Assets (FAL).

Proposed solution

To implement a market standard asset infrastructure, providing ‘out of the box’ functionality to reduce the implementation risk and timeline.

This infrastructure enables asset data from all tiers of the capital stack to be consolidated and standardised on a central platform.

This will then enable best practice operational processes to be adopted and far higher levels of automation and efficiency to be achieved across the E2E value chain for assets.

Making it thrive

Lloyd’s Asset Infrastructure Vision

Digitisation
Automation of the Chain of Security with enhanced analytics & oversight

Culture
Bringing the market together on a standard scalable platform

Performance
Improved investment returns, performance & growth

Purpose
Making the market thrive through leadership & innovation

2025

Core platform & corp onboard

The programme will deliver a new investment platform for the Corporation, enabling operational efficiencies, better investment capabilities and increased returns estimated at £6m per annum.

Return on investment will commence in Q4 of the first year of the programme lifecycle.

Market engagement will commence in Q1 2024 to establish the optimum implementation timeline and operating model for the market

2026

Market onboard

The market will be onboarded in tranches through the year, reducing the reporting burden and increasing efficiencies.

Return on investment will incrementally increase commencing Q2 through the rest of 2025. Cost benefits to the market will also commence.

F@L will be onboarded providing a whole market view with consistent data points and enhanced oversight. Delivery of the consolidated and scalable platform will be complete.

2027

Efficiency & growth

With foundational work complete it will be possible to deliver the efficiencies, new capabilities and services to the market.

Banking and Custody account structures can be rationalised in line with industry norms. Overseas trust structures can be optimised to provide better returns and reduce liquidity strain.

Return on investment to the Corporation and market benefits will be multiplied.

2028

onwards

Strategic innovation

The market will be aligned to industry norms for custody and banking structures, investment capabilities and operational processes.

With a scalable industry aligned infrastructure, Lloyd’s will be able to realise strategic goals of industry leadership and innovation.

Digitalisation

Deliver significant rationalisation of reporting required by the market to address cost burden

Performance

Sustainability model: improve or maintain delivery across the measure in the sustainability model

Purpose

Industry leadership

Culture

High performing and inclusive

A horizontal timeline infographic showing the progress and next steps of a migration program from June to the following Q3. Key milestones are marked with circles and labels. In June, the program begins with sending out a survey, hosting a town hall, and publishing a webpage and mailbox. In August, an initial migration approach is shared, and individual meetings with MAs are held, leading to analysis completion and proposed migration tranches. October includes a town hall update and LMA update. By December, scope, approach, and runbook development begins (marked as phase 1). The work continues through Q1 (phase 2), Q2 (phase 3 and 4), and Q3 (phase 5 and 6) with iterative updates to scope, approach, and runbooks. Milestones and phases are color-coded and follow a structured order of progression.

Supporting resources

Asset Infrastructure Townhall meeting recording

Market Townhall July 2025 presentation slides

Market FAQs

Contact us

If you have any questions please get in touch.

marketassetinfrastructure@lloyds.com