Post senior reporter Amy Ellis outlines this week's major general insurance stories which include an Essex based insurance broker lodging a formal complaint against Qmetric for using the Primo trading title which it claims was its brand name first.
Robin Foster-Taylor, managing director of Primo Plc, who argues his company has been trading under the name a decade before Qmetric started Primo Insurance, said Qmetric CEO Tony Deacon has alredy rebuffed his invitation to change the Primo Insurance name.
In other news: Stock market crashes and market uncertainties are moving high net worth customers from stocks and shares to more tangible assets, boosting business for HNWinsurers; Aviva’s UK retail director Steve Treloar has vowed to expand new car insurance brand Quote Me Happy into the household market; and former Churchill managing director Mike Quinton has taken what he refers to as an “opportunity of a lifetime” to become Debra Williams' first senior appointment at a new price comparison site, joining as commercial director.
Keep up to date with all the latest news as it breaks at postolnline.co.uk.
The Jackson Reforms have taken effect, and some predictions for the claimant solicitor world are decidedly grim. The reforms call for increased settlement speed and new, lower fixed fees, compressing solicitor profitability substantially.
EIOPA has published its final guidelines for the phasing-in of the Solvency II regime, with the regulations announced to come into force on 1st January 2016. Prior to that date, European insurers have two other deadlines to meet a pre-application to the relevant regulator must be submitted in or around September 2014; and a full application to the relevant regulator must be submitted by 1st June 2015
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