09-02-2017 14:49 via insuranceinsider.com

Amwins CEO: London is too bureaucratic

Amwins CEO Steve DeCarlo said that the level of bureaucracy in
Lloyd's makes London's insurance market uncompetitive.
Speaking at The Insurance
Insider's
InsiderScope conference on 9 February, DeCarlo criticised
the way underwriters in London pedantically interpret rules imposed
by Lloyd's and the Financial Conduct Authority.
"Bureaucracy makes you anticompetitive", said
DeCarlo.
"I live in a world where I have to follow rules," he
continued. "Am I happy I fill out complaint logs? No. I doubt
th
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