Clock ticking for London Market reform
Business opportunities may be being turned away from the London insurance market because inefficient accounting and settlement processes make it too expensive to service, members of the International Underwriting Association (IUA) have been told.
Reform of outdated practices will boost business allowing brokers to bring more overseas risks to the marketplace, according to Bill Oram, Operations Director at Aon. He was speaking at an IUA marketOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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