Monday, July 25, 2005

Out With The Old, In With The New

By Steve Tuckey
National Underwriter P&C

"London market reforms scrap centuries-old processes in favor of modern-age, high-tech tools and commitment to industry standards"

"When futurists some decades ago declared the advent of the “paperless society,” they might not have realized the tough nut they had to crack in the London market. But times are changing. Soon the sight of 17th century movers and shakers buying and selling coverage at Mr. Lloyd’s famous coffee shop will be replaced by their 21st century counterparts conducting essentially the same transactions on their laptops in Starbucks..."