Against a backdrop of rampant consolidation, the Lloyd's market has recently been moving closer to the London company market through a series of joint initiatives with the trade body, the International Underwriting Association (IUA). In July Max Taylor, Lloyd's chairman, and Tim Carroll, the IUA chairman, unveiled a joint forum with the intention of achieving radical changes in the London market by streamlining business processes and making full use of electronic commerce. ...more

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Offshore centre moves onshore  Sep 3