Aon To London: Time For Change Running Out
NU Online News Service, March 23,10:43 a.m. EST
Bill Oram, operations director at Aon, made his comments Friday in London during an International Underwriting Association market briefing about the market reform proposals developed by the London Market Principles (LMP) initiative.
Mr. Oram told the group that business opportunities may be turned away from the London insurance market because inefficient accounting and settlement processes make it too expensive to service.
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