26-10-2015 19:56 via insuranceinsider.com

Tom cost to be revised from £250mn: LMG

The London Market Group (LMG) will revise its £250mn
($383mn) forecast for the cost of the Target Operating Model (Tom),
the programme of work to deliver modernisation to the market,
The Insurance Insider understands.
However, it will only be known whether the cost will increase or
decrease during the early part of 2016.
The news follows the announcement from the LMG that
it has appointed Adrian Thornycroft as Tom's programme
director.
Thornycroft was formerly head of business projects and
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