Tuesday, January 24, 2006

Dis-Kinnected

Contract certainty may be a major problem for the London insurance market, but Kinnect is no longer part of the solution.

Despite investing several years and many millions of pounds in its Kinnect insurance trading platform, Lloyd's has now decided to shut it down.

Breaking 300 years of face-to-face, pen-on-paper contract negotiation tradition was never going to be easy.

More on this later...

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