Peer-to-peer trials could be in place at Lloyd's by the end of June as the top six insurers move "rapidly" to implement a data messaging system.
G6, the group of Lloyd's most influential managing agents, is preparing to introduce a pilot scheme to allow individual companies to interchange trading data on a one-to-one basis.
Sue Langley, chairman of the G6 and chief operating officer at Hiscox, said: "We believe we need to move rapidly and are aiming to trial peer-to-peer by the end of the second quarter."
The group, comprising representatives from Hiscox, Kiln, Beazley, Catlin, Wellington and Amlin, has been holding discussions with four leading Lloyd's brokers as it attempts to bring "greater efficiency" to the market.
Langley said the group was in discussion with Aon, Benfield, Marsh and Willis about the ACORD standards and information that would be exchanged in the first phase of the peer-to-peer work.
Lloyd's has confirmed that it has been holding informal discussions with a number of companies about the future of electronic trading in the market.
The corporation has maintained its commitment to modernising the 318-year-old market place since the closure of Kinnect in January.
But a Lloyd's spokesman insisted that Lloyd's remained of the view that its role was as standard setter and not one of building infrastructure centrally.
' A decision on the new Lloyd's chief executive is expected in a matter of weeks. As he prepared for the World Insurance Forum in Bermuda last week, Lloyd's chairman Lord Levene was reported as saying that an announcement would be made in "a couple of weeks".