News
Legal giant reveals ABS plan
Irwin Mitchell has stepped closer to forming a licensed alternative business structure and securing external finance.
Ask the expert - how valuable is experience of Solvency II in both the short and long term?
The regulatory clock is ticking once again, and the countdown to Solvency II is now well advanced.
Editor's comment: Beware the brain drain
Sometimes it's good to go against the grain — it can signal creativity, innovation and a desire to differentiate. And then there are the times when mirroring market trends undoubtedly brings the best outcome for individuals concerned.
Allied World plans Glasgow branch after Chubb defection
Magnus McGurk has left his role as Chubb's financial lines boss in Glasgow to join Allied World Europe, with a view to setting up a new operation in the city.
Ancile MBO refocuses plans
A management buyout of personal lines intermediary Ancile Insurance Group was always the intention, according to its managing director.
Law report: withdrawal application allowed in near-drowning case
This law report has been contributed by national law firm berrymans Lce Mawer.
Claims Club news: Expansion plans slowdown urged
The Ministry of Justice must not act hastily to extend the RTA Portal to liability cases, Tim Wallis, its independent chairman warned.
Claims Club news: Market beginning to embrace telematics
The use of telematics technology is a vital tool in combating "dodgy claims" —and securing first notification of loss information almost instantaneously — according to Mike Brockman, joint CEO and founder of Insure the Box.
CSR & career development: Plantec invests in technicians
Plantec Holdings has invested thousands of pounds in its motorcycle technicians by putting them through accreditation from service maintenance technician to diagnostic technician and, most recently, the master technician qualification.
CSR & career development: LV backs kit scheme to help disadvantaged kids
A scheme to see that unwanted rugby and cricket kit is given to disadvantaged young people instead of going to waste is being supported by insurer LV.
Bent credit hire case faces appeal court hearing for second time
The credit hire legal wrangle involving Aston Villa footballer Darren Bent is set to continue after permission to refer the case back to the Court of Appeal was granted.
Equity expansion still on track despite 185 jobs under threat
Equity Insurance Group has insisted its branch network and plans for regional expansion are safe, despite putting 185 jobs within its underwriting and distribution operations at risk.
ICO joins text pest group to boost regulatory power
An Information Commissioner's Office with "bigger teeth" and greater regulatory powers is set to become the latest member to join the Ministry of Justice-led anti-claims text group.
Two senior roles axed as Axa continues shake-up
The roles of head of specialist markets and distribution director will cease to exist under Axa Commercial's new management structure, as the firm confirmed two senior redundancies.
Claims Club news: Wallis admits success is difficult to gauge
The 'behaviour' committee pilot launched in March to help mediate disputes between claimants and compensators is being tipped to be become a permanent fixture.
Firms face ruin after court ruling
The insurance industry has been warned some firms could face ruin after a legal challenge to the Financial Services Authority's measures to deal with payment protection insurance complaints was rejected.
CSR & career development: board game boosts student interest in industry to 70%
The Chartered Insurance Institute has launched an interactive board game in its latest effort to encourage young people to consider a career in insurance.
Bolt concern over charges
Bosses at Lloyd's insurers have received a letter from director of performance management Tom Bolt, addressing fears over extra broker remuneration charges.
Law report: clear guidance given over disclosure of surveillance evidence
This law report has been contributed by national law firm Berrymans Lace Mawer.
People moves – 28 April 2011
A round-up of people moves and new appointments in the industry, as featured in the 28 April 2011 edition of Post.
BHSF strengthens reserves by 10%
Birmingham-based BHSF has strengthened its reserves by almost 10% to over £25m in 2010 despite the testing UK economy.
Marketform adds to marine team
Lloyd’s insurer Marketform has confirmed that underwriter Gary Cooke will join the company on 1 June as head of marine cargo underwriting.
IDSL adopts managed services model
Insurance Database Services Ltd has entered into an agreement with Motor Insurers’ Bureau Management Services for the provision of infrastructure and management services.
Cash-for-crash gang jailed
Three members of a Luton-based cash-for-crash gang operating a £5.3m insurance scam have been jailed.