Short-termism is the hallmark of our era. We live in a disposable, transitory society - as evidenced everywhere from the fate of the England football manager and the last leader of the UK Independence Party to the fickleness of government policies. The long-term commitments we need for our economy and infrastructure don't appear to be available in a political environment where everyone has an eye on the next election.
And so it is with the insurance industry. Many of our leaders are guilty of riding on the wave of short-termism without reflecting on what the impact of the pace of change means for them and their customers....
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.