Learning the expensive way.

At the end of last year, despite initial interest, a proposed managing agency for brokers was abandoned. Poor response times, second-hand communication and general inertia are to blame.

Stepping into the new millennium, little did I realise that I was
about to experience the extremes of mixed emotions this business has a
habit of putting us through. I am referring to my initial excitement of
helping produce a new managing agency at the beginning of last year, in
which brokers could participate, and which in turn would develop
syndicates in Lloyd's to accommodate the specific needs of their
customers.


The concept was favourably received from the outset, particularly by the
prospecti