US insurer CNA Financial has continued to cut back its London Market operations, according to reports.
Sources said its Global Resource Managers operation has stopped offering third-party services as a result of the departure of its audit & consultancy team.
Capita London Market Services (CLMS), part of Capita Insurance Services, has picked up GRM's Audit & Consultancy team.
David Pearson, chief executive of CLMS said the addition of the team would be "complementary to our business."
He added: "We wanted to increase the quality and depth of our services in this area and are confident that the new team will further strengthen our position in the market."
