Post - 2011-08-04

Postbox: Squaring a difficult circle

David Bonehill's letter 'Bursting for Improvement' quite correctly referenced the scale of the burst pipe and escape-of-water claims either side of last Christmas. He also correctly identified the finite resource that is the UK loss adjusting profession…

Editor's comment: The wheels of industry

The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.

Broking focus - Regulation: The new broom

The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…

Does bad management affect business performance?

Recent research from the Chartered Management Institute found that 55% of employees do not think their managers are competent or confident enough in their roles. According to the CMI, "perhaps more worryingly, 38% of employees report that their boss…

Allianz voted 'most green' insurer

Allianz has been voted the most environmentally sound insurer in the latest Best Global Green Brands. The eco-friendly firm, which was ranked 21st in the overall brand listings, has risen 46 places from its 2010 position in the annual Interbrand survey.

Postbox: Facing the data challenges of Solvency II

I read your article 'Lack of funds to spark Solvency II M&As', with interest. The article tells us that 31% of insurance firms surveyed are fully aware of the implications of Solvency II, and a further 38% are partially aware, but I wonder how many have…

Thistle aims high despite 2011 losses

JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.

Chartered broker: Status symbols

Over the past 18 months there has been an increased focus on professionalism in the broking industry and, as well as signing up to the Aldermanbury Declaration, the spotlight is falling on the topic of chartered status. Many individual brokers display…

MYI global offering shake-up

Loss adjusting group McLarens Young International has ceased working with its affiliate partner in Canada with immediate effect and will shake-up other regions soon.

LV backs fun run

LV has agreed to sponsor next year's Brentwood Half Marathon and Fun Run — an event that has raised more than £1m for the local rotary club over the past 30 years.

View from the top: Equality at the table

Insurance has long been a business that thrives on relationships, between brokers and insurers, brokers and clients and the holy grail of all three working together. These relationships vary in depth and longevity from the transactional to the long term…

RSA boss: CMCs not cause of referral fees

RSA's UK chief executive Adrian Brown has called for action against "hefty" lawyer fees and the amount they pay claims management companies rather than targeting CMCs themselves.

Penny Black's insurance week

Penny likes to think she scrubs up pretty well but she was certainly left in the shade when tan-tastic The Only Way is Essex star Amy Childs strutted past in Soho during a coffee break with Concise PR director Alex Wise.

Hiscox bemoans 'costliest year ever'

Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".

Credit hire: Improving the engagement

The credit hire industry has traditionally had a rocky romance with insurers. Sam Barrett looks at what has gone wrong and how the two sides can reconcile their differences.

Baker quits CHO — DG search initiated

The Credit Hire Organisation says it has identified a number of "high calibre" candidates to fill the void left by departing director general Tony Baker, who last week announced his decision to step down at the end of the year.

MCE targets entrepreneurs

Budding insurance entrepreneurs, with a proven track record in sales, will be offered the chance to establish their own business as part of a new scheme created by biker broker MCE.