News
Claims Event news: Lawyer suggests referral fees will survive coalition review
Referral fees are here to stay according to a prominent lawyer, who warned the insurance industry it is just going to have to 'deal with them'.
Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
2012 deadline for review could be linked to London Games
The ambitious 2012 deadline for the implementation of Lord Young of Graffham's recommendations regarding health & safety rules could have been set as a way to encourage volunteering during the London Olympic Games.
Blanch veterans join Goss Re
Ted Blanch, Mike Cashman, and Dan Case have all joined Dallas-based Goss Reinsurance Brokers in the US as partners.
Spending Review 2010: AA disappointed with flood spend
AA Insurance has revealed its concerns over the government’s decision to reduce its flood defence spending.
NIG boss Greenwood insists it is "categorically" not for sale
NIG's boss has insisted that the business sees no barriers to growth now, despite its recent eventful history: including five MDs in six years, the closure of eight offices and its withdrawal from personal lines.
Spending Review 2010: Biba slams flood spending cuts
The British Insurance Brokers Association has reacted to the spending cuts for flooding in today’s spending review.
Former Aon UK boss Harmer takes up role at IAG
Insurance Australia Group today announced the resignation of current CEO of CGU, Mr Duncan West for family reasons and the appointment of Peter Harmer as his successor.
Spending Review 2010: Forum of Private Business reacts
The Forum said that the coalition government has faced tough choices in implementing what were always going to be painful public spending cuts for many small businesses as well as the public.
Spending Review 2010: Local authority funding cut 28%
Chancellor George Osborne has cut local government funding by 28% over the next four years but has vowed to give councils more financial control.
Spending Review 2010: ABI voices concern over flood defence measures
The Association of British Insurers has reacted with disappointment to the Coalition Government’s announcement on flood defences.
Spending Review 2010: MoJ budget cut to £7bn
The Ministry of Justice will have its budget slashed from £8.3bn to £7bn by 2014/15 under the government’s spending review.
Spending Review 2010: retirement age set to increase
Under the Government Spending Review, the retirement age for men and women is set to rise from 65 to 66 by 2020.
Spending Review 2010: Equitable Life victims to be given £1.5bn
Chancellor of the Exchequer George Osborne has promised help to members of the public who lost money due to the near collapse of Equitable Life.
Spending Review 2010: Government to cut flood defence spend
The government has outlined plans to improve flood defences for around 145 000 households but will cut spend to £2bn.
Spending Review 2010: Osborne pledges to “extract the maximum” tax from financial services
Chancellor George Osborne has vowed that the financial services sector is taxed more efficiently – starting with a permanent levy on banks.
Post in print - 21 October 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Post in print - 21 October 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
Hastings appoints head of marketing services
Broker Hastings Direct has appointed Michael Lynch as its new head of marketing services.
Brit confirms Banga as distribution chief
Brit Insurance has confirmed that Vivek Banga has been promoted to head of UK distribution replacing the outgoing Tim Grant.
JLT raids Marsh and Oval for senior regional appointments
Jardine Lloyd Thompson has appointed Nigel Bartlett as a partner, working within its regional partnership division.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
Confusion over NHS cuts
Health365 research reveals endemic concern and confusion on healthcare costs.