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(From Reinsurance)
Byline: Marc Jones.
In the past, London has always been seen as a highly professional and efficient place to write (re)insurance business. But as other areas of the world evolve and promise equal or even greater efficiency, there is a danger that London might lose its competitive edge, forcing business to move away.
This worrying possibility has been examined by a number of leading figures in the industry who are concerned about this issue and who are trying to warn the market. Since arriving in November 2002 as the Chairman of Lloyd's, Lord Levene has made a wide-ranging series of speeches calling for Lloyd's and the London ...