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penny-black

Penny black's insurance week

If anyone had doubts about Axa's IT team, then Penny would like to say that its online policing is second to none. Just ask the member of staff who spent a few lunchtimes searching for "golden shower curtain rings".

Post | 10 Mar 2010 secure

Peter Cullum chairman CCV Ventures

Postbox: An age old conundrum

In The Times on the 24 February, there was a piece on Towergate's acquisition of John Charcol.

Post | 10 Mar 2010 secure

Investing in the Profession

Postbox: Dutch show potential to youth

I read the recent article 'CII launches campaign to woo young people' with interest and believe that it is possible to get young people interested in insurance.

Post | 10 Mar 2010 secure

aon-logo

View from the top: The tipping point

In his best-selling book The Tipping Point, Malcolm Gladwell says that ideas and behaviours spread like viruses, and that intervention (or a nudge) at just the right point — the tipping point — results in a cascade of change.

Post | 10 Mar 2010 secure

Reinsurance bingo card March 2010

Notes from The Weekly

A month's worth of fun and frolics

Reinsurance | 08 Mar 2010

Microchip on a finger

Legal: Climate change, nanotechnology and cyber-risk liabilities

Our climate is changing rapidly while technology that used to be the preserve of fanciful fiction is growing prevalent, writes Nilam Sharma, Michelle Jones and Ben Folkinstiteyn

Reinsurance | 08 Mar 2010

Post 5 years ago

Postscript - 5 years ago: Government to step in over claims

The government has decided to take steps to police the claims management sector, with the Department for Constitutional Affairs expected to unveil its plans in the next fortnight.

Post | 03 Mar 2010 secure

Post 20 years ago

Postscript - 20 years ago: J&H given Olympic contract

Lloyd's broker Johnson & Higgins has been awarded the reinsurance contract for the 1992 summer Olympics in Barcelona.

Post | 03 Mar 2010 secure

Post 30 years ago

Postscript - 30 years ago: Highest fire figures are disclosed

The highest total ever recorded in one month for the estimated cost of fire damage in Great Britain (England, Scotland and Wales) was disclosed in the British Insurance Association's recent figures as the total reached £58.5m.

Post | 03 Mar 2010 secure

penny-black

Penny black's insurance week

Penny was fortunate to go along with a host of insurers and brokers to the Prince's Trust Celebrate Success Awards at The Odeon Leicester Square this week, as part of its Insurance Leadership Group.

Post | 03 Mar 2010 secure

John O Roarke is general insurance managing director at LV

View from the top: Election outcomes

With opinion polls suggesting the margin has narrowed to as little as 7% between the Conservatives and the Labour Party, all eyes are on the coming general election.

Post | 03 Mar 2010 secure

Post 5 years ago

Looking Back - Recall costs could reach the billions

Insurers will not foot the bill for the biggest product recall in UK history — but the cost of paying out on related policies, defending claims and establishing liability, could reach billions of pounds.

Post | 23 Feb 2010 secure

Post 20 years ago

Looking Back - UN to play key role in development

The United Nations has a key role to play in the development of insurance in developing countries.

Post | 23 Feb 2010 secure

Post 30 years ago

Looking Back - Inquiry into the missing Salem tanker

Fraud squad officers are planning a month-long inquiry in South Africa, Greece and Liberia into the riddle of the missing $24m tanker Salem (215 000 tons) and its oil cargo worth $56m, which vanished en route to Europe in January.

Post | 23 Feb 2010 secure

penny-black

Penny black's insurance week

Penny was out and about with Hastings CEO Edward Fitzmaurice this week, and one couldn't help but be surprised by his music taste. After a discussion of the fine arts — and not so fine arts — something of a revelation occurred. Among the standard favourites one would expect from an insurance CEO, Penny would never have put money on a recent collaboration between rapper Jay-Z and singer Alicia Keys. Clearly, he is 'down with the kids', and Penny could not help but be impressed. Disappointingly though, he drew the line at Dizzee Rascal.

Post | 23 Feb 2010 secure

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Postbox - Blindingly obvious conclusion

I read the interview with Merlin's CEO and could not believe Richard Webster's conclusion, after breaching banking covenants, that "what we have learnt is... if you are exposed to the household market, you will see your demand go up and down alongside the activity within it" (www.postonline.co.uk/1592308).

Post | 23 Feb 2010 secure

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Postbox - Rate increase charades

The logic of the recent rating announcements from AA Insurance, Zurich et al ticks all the right boxes for shareholders but lacks any credibility, given how insurers still have so many areas where the figures on rate increases bear no relevance to the transacted ones.

Post | 23 Feb 2010 secure

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View from the top - Lex Baugh: Is Jackson beneficial?

What are we to make of Lord Justice Jackson's proposals for civil litigation costs? Are they beneficial for the insurance industry? And what of the claimant?

Post | 23 Feb 2010 secure

Zurich and NU to make appeal

Post | 16 Feb 2010 secure

penny-black

Penny black's insurance week

Penny was not the only lady wowed by race driver and stuntman Ben Collins at the 10th annual motor claims conference. The handsome gent, who worked on a number of stunts for the James Bond movie Quantum of Solace, told tales of celebrity encounters, death defiance and bone-jarring injuries that kept Penny perched on the edge of her seat for the full 45 minutes.

Post | 16 Feb 2010 secure

ant-gould

Motor Claims 2010: All change for motor

The UK motor claims sector is going through a period of rapid change, with the impending introduction of the Ministry of Justice reforms very high on the industry's agenda.

Post | 16 Feb 2010 secure

Postbox : Claims process still needs streamlining

While putting a 'disaster plan' in place ('History in the remaking') is prudent method of minimising risks to a historically sensitive building, sadly it may not stop the full insurance claims process being drawn out over many months.

Post | 16 Feb 2010 secure

Investing in the Profession

View from the top: Value of human capital

Despite signs of rates hardening in some lines of business, plenty of capacity coupled with the wider economic situation are driving the extremely competitive pricing we are seeing today.

Post | 16 Feb 2010 secure

Post 5 years ago

5 Years ago: Passive smoking implications

Two passive smoking litigation test cases that could have "massive implications" for insurers are set to be heard in May.

Post | 10 Feb 2010 secure

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