The three largest global insurance brokerage firms, Aon, Marsh and Willis, have agreed to pilot an exchange for endorsements on the London market. The exchange, which will employ the latest version of the ACORD standard, marks the latest stage in a market modernization effort originated by London-based Lloyd’s.
"Aon is completely supportive of modernization of the Lloyd’s marketplace to create more efficiency and better insurance solutions for our clients." Gregory Case, president and CEO of Chicago-based Aon Corp. said in a statement.
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