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Ten years after

Troglodytes, antediluvians, dinosaurs, fossils. Perhaps that is taking it a little bit too far but the Pensions Protection Investments Accreditation Board&#39s chief executive John Cox believes the leadership of the insurance industry is 10 years behind the times. Good to see Cox proving his independence but perhaps a little harsh.

What about those wise owls in the telecoms sector who bought the 3G licences, those forward-thinkers in the vanguard of the internet revolution or the men who ran the railways as a property business?

Ten years behind the times or 10 years in front, many of them were rubbish. Those insurance industry leaders will have the chance in the next few months to prove their mettle in the modern world. But they may just age another 10 years in the process along with the rest of us.

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