Bob James has been appointed chief executive of Velonetic, which represents the joint ventures between DXC Technology, the International Underwriting Association and Lloyd’s.

He succeeds Chris Halbard, who will be leaving the company.

In addition, Callum Gibson has been appointed chief operating officer of Velonetic.

Mr James is also the chief operating officer at Lloyd’s.

In June, it was announced that Blueprint Two, the project to digitalise Lloyd’s, was behind schedule, prompting the organisation to push its launch back from its planned October target date.

Velonetic, previously known as the London Market Joint Ventures, said: “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.

“The immediate priorities of the Velonetic shareholders and board have been establishing a clear timeline to complete the remaining technology build; the testing of the platform, the quality assurance of both activities, and the regulatory notification framework. This has been communicated to the market today as part of a new end-to-end plan to deliver phase one digital services, including key milestone dates for build completion and testing.”

Velonetic board chairman Shaun Crawford said: “As we complete the build, and transition to the testing phases of the programme, these leadership changes will help ensure the market’s objectives are delivered and embedded.

“I would like to thank Chris Halbard for his leadership in transforming the London Market Joint Venture into Velonetic, positioning us for this next phase of digital transformation.”

Mr James said: “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.”