The insurance business is undergoing a major overhaul
The projects with London Markets have been frozen / cancelled
Another relatively new logo is about to have a significant portion of their staff culled because apparently a year in they’re not making money…. Bullsh-t comes to mind
Just wait until they announce results - it’s
Not looking good.
Talking about new logos in the UK, what about the London law and order account that everyone was crowing about? 6 months on and it’s an absolute shambles. People leaving in droves.
I can't believe DXC have not got more exposure over the London Markets farce. The weird set up with DXC - Velonetic (A Joint Venture between DXC and Lloyd's) - Lloyd's appears to make DXC immune from criticism. Normally a customer writing off £300 million for a failed transformation project would be worthy of news but no, nothing. The way the senior managers swap between Velonetic and Lloyd's show it's yet another sketchy "job for the boys" scam for the execs
Whatever happened to the idea that the insurance business will be spun out and will be sold out for more than 5 billion!