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News
Xchanging opens new office building in Chatham Maritime
05 May 2006
CHATHAM, 5th May 2006 – Xchanging, the leading business processing services company, relocated to new, purpose-built offices in the Chatham Maritime Development Area on 18 April. The company, previously located in the Lloyd’s building at Gun Wharf, took over the operations of Lloyd’s Policy Signing Office (LPSO) in 2001 as part of a landmark deal to outsource the policy administration, accounting and settlement services for the London insurance market.
The new Xchanging offices, located in Walter Burke Way, comprise 25,000 square feet over three floors and will accommodate 280 employees. The distinctive, modern style of the building incorporates a highly efficient interior that makes the best possible use of space and provides a flexible environment to meet the changing needs of a fast-growing company. Extensive use is being made of information technology to meet the growing needs of the company’s sophisticated international insurance and reinsurance customers and a communications hub provides state of the art video conferencing to other Xchanging centres in London, Frankfurt and Delhi.
The building was formally opened by the Mayor of Medway on 4 May at a ceremony attended by Paul Clark MP and other local dignitaries, and the Xchanging senior management team.
Xchanging – through its LPSO subsidiary – has inherited long-standing links with the Chatham community, having been based in the area since 1978 when the Lloyd’s building at Gun Wharf was completed. Many local people still recall the time in May 1979 when the late Queen Elizabeth, the Queen Mother, landed by helicopter on the front lawn at Gun Wharf to perform the official opening ceremony.
Roger Townsend, Executive Director of the Xchanging Insurance Sector, said “We are pleased and proud to continue our long association with Chatham and delighted to be establishing our own building in an exciting new location which is easily accessible for our employees. These were important factors in our decision to continue our commitment to Chatham, as was the ready availability of good quality and experienced personnel within the local labour market.”