IBM pulled out of the £55m contract to upgrade Co-op’s systems last year, following huge delays and a mountain of disputes, court documents show
Tech giant IBM pulled out of a £55m contract to upgrade Co-op’s technology in July. Now the insurer has filed a massive £130m law suit against it.
The court documents, in which IBM is slammed as “reckless”, reveal the extent of the massive fall out between the two companies.
They portray a project that may have been doomed from the start, raising questions over whether IBM would ever have been able to fulfil its end of the deal.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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