LMG body to put modernisation on permanent footing

The London Market Group (LMG) has set up a new organisation to
manage market-wide services on a permanent basis, the trade body
said today.
London Insurance Market Operations & Strategic Sourcing
(Limoss) will buy and manage services on behalf of the market.
Existing contracts include Ebix's software development work
on Placing Platform Limited (PPL), an e-trading system, and Charles
Taylor InsureTech's deal to run the data system for MGAs backed
by the London market.
Limoss is to be led led