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Last Chance Saloon: London Market doomed if modernisation fails
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports.   11 August 2016
Insurance
Legal & General (L&G), a provider of insurance, savings and investment management products, is selling investment platform Cofunds to Aegon for £140 million, subject to regulatory approval.   11 August 2016
Insurance
Ironshore’s Pembroke Managing Agency has introduced its ‘Specie Consortium’, a venture supported by 21 Lloyd’s syndicates which offers up to $635 million in capacity for any one risk.   11 August 2016
Insurance
Chaucer, an insurance group underwriting at Lloyd’s, has expanded it accident/health capabilities with the appointment of Mike Bridgeman and Amelia Fenton to join the team as underwriters in London.   10 August 2016
Insurance
RFIB Group, a Lloyd’s re/insurance broker, has appointed James Wilson to head up its newly formed transaction solutions business, effective immediately.   10 August 2016
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Graeme Rayner as group director of underwriting, effective October 3.   10 August 2016
Insurance
Allied World Global Markets, a subsidiary of Allied World, has appointed Rob Kuchinski as its senior vice president, head of international property.   9 August 2016
Insurance
Risk management firm Hanover Stone Partners has collaborated with advisory firm Baker Tilly Virchow Krause on vendor risk management services to help businesses evaluate and manage cyber-risks relating to the use of contractors, vendors, suppliers and other outsourced providers.   9 August 2016
Insurance
Inzura, a digital insurance technology provider, has launched a digital insurance platform, which it claims will accelerate the digitalisation of the industry.   8 August 2016
Insurance
Global Risk Partners (GRP), an investment vehicle targeted at brokers and managing general agents, has acquired commercial and personal insurance broker, BB Insure.   8 August 2016

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