Post - 2011-02-03
Articles in this issue
Post Magazine – 3 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
FSA seeks more 'intrusive' resilience benchmarking
Brokers have backed publication of a consultation document by the Financial Services Authority, Bank of England and HM Treasury that considers options for a financial sector resilience benchmarking programme.
MGAA sets launch date and associate cap
The Managing General Agents' Association is to formally launch on 6 April, after moving to the final stages in its preparations.
Post history - 30 years ago: Missing cargo ship claim settled
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Career development & CSR: Ten signs up to Declaration
Broker network Ten Insurance has signed up to the Chartered Insurance Institute's Aldermanbury Declaration.
Markel UK exits vacant property market
Markel UK is to close its vacant property account, after ceasing to take on new business or renewals, Post has learnt.
Post history - 50 years ago: Cleopatra claim worth watching
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Law report: Game played in the dark raised injury risk to unacceptable level
This law report has been contributed by national law firm Berrymans Lace Mawer.
Jelf has big plans for personal lines in 2011
Jelf chief executive Alex Alway is targeting "aggressive organic growth" after its 2010 annual results revealed that the firm had reduced its debt and turned a 2009 loss into profit.
Bent case set for new hearing at Cambridge County Court
The ongoing credit hire dispute involving Aston Villa footballer Darren Bent is due to be reheard at Cambridge County Court on Friday.
Post history - 10 years ago: Chubb offer refused by Hiscox
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Jubilee employment tribunal to reconvene in April
The employment tribunal hearing between Jubilee Managing Agency and former finance and operations director Kate Lewis will reconvene in April.
View from the top: Answers outside London
The soft market is continuing into 2011 and unlikely to harden any time soon.
Law report: Extent of highway duty needs parliamentary qualification
This law report has been contributed by national law firm Berrymans Lace Mawer.
In series - Geography & Solvency II: Accurate data is key to Solvency II requirements
The need for more accurate data and improved infrastructure is occupying insurers' Solvency II teams. However, Sam Barrett finds that UK firms are well prepared when it comes to accuracy of information.
Career development & CSR: UK managers would benefit from reading more
As insurers continue to fight their way through a tough economic climate, it is important to expose managers to good ideas and innovative thinking. Alongside methods such as mentoring and brainstorming, another route is through reading a range of the…
Public sector cuts: Risk management savings - a false economy?
The squeeze on public sector spending is about to get tighter. Jakki May examines the ways in which its employees, brokers and underwriters need to get the best out of insurance, without compromising quality.
Career development & CSR: BGL Group dozen triumph in CMI leadership programme
A dozen employees from the BGL Group have successfully completed a Chartered Management Institute leadership programme.
Defaqto adds pub and restaurant ratings
Insurance policies for pubs and restaurants are to be given star ratings by Defaqto after the firm expanded the number of commercial sectors that it grades.
Sainty upbeat over 'bigger role' at Barbon commercial arm
Former Lucas Fettes director Brett Sainty is to focus on building organic growth at Cadogan Keelan Westall after being appointed head of business for the Barbon Insurance Group-owned commercial property insurance business.
Manchester boss Tynan departs Henderson
Henderson Insurance Brokers has confirmed the departure of regional managing director Jon Tynan, who headed up its Manchester operation.
Quinn signs up to ABI's GTA agreement
Quinn Insurance has signed up to the Association of British Insurers' general terms of agreement between insurers and credit hire operators.
Career development & CSR: Higos duo first to be granted chartered status
Higos Insurance employees Kate Reilly and Sarah Neale have earned chartered status after gaining the advanced diploma in insurance.
In series - Geography & Solvency II: Advice on getting data right
For the majority of insurers and to a certain extent brokers, data quality has consistently been an issue with reasons ranging from the ongoing problems of legacy systems to basic human error, as Sarah Adams explains.
News analysis - Towergate refinancing: Towergate to kick into full IPO mode
With confirmation of Advent's £200m cash injection, what does Towergate have planned next? Mairi MacDonald explores the options.
Garwyn consolidates four offices into one
Liability adjuster Garwyn has housed all of its Midlands-based operations under one roof with a move to new premises in Birmingham.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
Motor Claims 2011: Adapting to change in the motor market
With the insurance industry suffering from reviews, increased legislation and the need for additional transparency, Brendan Keane looks at how the motor market can adapt and change to keep one step ahead.
CFC launches 'unambiguous' recruitment product
Underwriting agency CFC is targeting a share of the £30m gross written premium recruitment insurance market, after launching an "unambiguous" product aimed at the sector.
Romero opens second office as plan revised
Leeds-based Romero Insurance Brokers has expanded its Yorkshire foothold with the opening of its second office in Halifax in a bid to get its growth plans back on track.
Law report: Defendant's negligence did not play causative role in camera accident
This law report has been contributed by national law firm Berrymans Lace Mawer.
Kitchener quits Apil to join law firm
Association of Personal Injury Lawyers chief executive Denise Kitchener is poised to leave the organisation after 18 years to take up a role at law firm Pattinson and Brewer.
Penny Black's insurance week
Penny's friends in the sporting world have had a busy time this January transfer deadline. Struggling West Ham appear to be the latest team to have gotten themselves into a little insurance-related pickle.
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Interview - Kevin Pallett: Back in the MGA market
After two years out of the market, Kevin Pallett is back with a new managing general agency. Leigh Jackson asks him about his plans for Aspen Risk Management.
People moves – 3 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 3 February 2011 edition of Post.
Former UKDN employee lied
A former UK Drainage Network employee has been forced to retract claims that the company handed over shares to land a fulfilment contract, after admitting the allegations were false.
Fraud team to expand at Horwich Farrelly
Insurance litigation specialist Horwich Farrelly aims to expand its team of fraud specialists in the next 12 months to meet increased demand.
Post history - five years ago: Local authority risk moves on
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Brightside still on target despite life arm difficulties
Brightside's broking chairman has insisted the group is on target to meet its general insurance business plan, despite admitting its life offering is "not at the level it had hoped for".
Postbox: Going back to basics is the long-term solution
I was interested to read the item on winter freeze claims in the same issue as the article by Ecclesiastical’s David Bonehill on claims professionalism.
Broking focus - BCP: Business Continuity Plans for beginners
Brokers and claims practitioners differ in opinion over the usefulness of business continuity plans. Amy Ellis looks at how the market can be educated about the inherent benefits.