Formation of X

INDEX | ORGANISATION | TIME LINE | PEOPLE | STORY | RESEARCH METHOD | COMMENTARY | FINDINGS | HELP | BOTTOM

X created

1991
At the beginning of 1991 X was formed 'to give more emphasis to underwriting worldwide insurance risks for our multinational customers' (00148). This required X's business to be distinguished within the various X-Group IT systems with a consequent loss of reporting detail (00165). Tim was appointed MD.


Multinational Services created

1992 Jan-Mar
In February 1992 Multinational Underwriting Services was set up (00495).


Lucy appointed to lead Services

1992 Jul-Sep
In July 1992 Lucy became section head for Multinational Services (00885).


X evolved to include City business

1993 Jul-Sep
By September 1993 X had evolved to include City business (00001).


X became established

1994 Apr-Jun
By June 1994, X had established itself as an organisation, was in profit, had established the management team and was addressing its structure. They regarded IT as key to their development (00550).

1994 Oct-Dec
By October 1994 gross income for Multinational had grown from £40 million around 1991 to a projected £150 million in the UK for 1995. During this period the number of staff had hardly changed (00727). X introduced the concept of a project group for each of the main business streams. Each profit group had to have an IT, services, claims, and an accounts person. Neville was the Multinational project group manager (00727).


INDEX | ORGANISATION | TIME LINE | PEOPLE | STORY | RESEARCH METHOD | COMMENTARY | FINDINGS | HELP | TOP

© Clare Tagg 2000