News
Willis blames restructuring for profits fall
Willis has reported its net income for the six months to June 30, 2011 was $119m down from $293m in the same period a year ago, which the broker is mainly attributing to restructuring costs of $115m.
MCE targets entrepreneurs
Budding insurance entrepreneurs, with a proven track record in sales, will be offered the chance to establish their own business as part of a new scheme created by biker broker MCE.
Website Review: Go Compare
In the latest of its ongoing series, web performance specialist Gomez looks at Go Compare's website.
Law reports: Costs confusion as both parties claim victory
This las report has been contributed by national law firm Berrymans Lace Mawer.
Baker quits CHO — DG search initiated
The Credit Hire Organisation says it has identified a number of "high calibre" candidates to fill the void left by departing director general Tony Baker, who last week announced his decision to step down at the end of the year.
Lloyd's pursues own probe into Equity syndicate losses
Lloyd's is investigating Equity syndicate's reserve deterioration, Post has learnt, and a Names protest group says the outcome should prove influential to its own campaign over Equity's losses.
Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".
Law report: Price put on purchase of accommodation too high rules judge
This law report has been contributed by national law firm Berrymans Lace Mawer.
Metal theft on the rise as scrap prices increase
Risk management experts from Allianz are calling on brokers to be proactive about metal theft, following a spate of robberies that have left the company facing millions of pounds in losses.
Allianz selects repair partners
Allianz has selected building maintenance firm Mitie and insurance repair specialist MA Assist for its nationwide building repair.
Law report: Mary Poppins stunt claimant must take blame for accident
This law report has been contributed by national law firm Berrymans Lace Mawer.
RSA boss: CMCs not cause of referral fees
RSA's UK chief executive Adrian Brown has called for action against "hefty" lawyer fees and the amount they pay claims management companies rather than targeting CMCs themselves.
View from the top: Equality at the table
Insurance has long been a business that thrives on relationships, between brokers and insurers, brokers and clients and the holy grail of all three working together. These relationships vary in depth and longevity from the transactional to the long term…
LV backs fun run
LV has agreed to sponsor next year's Brentwood Half Marathon and Fun Run — an event that has raised more than £1m for the local rotary club over the past 30 years.
MYI global offering shake-up
Loss adjusting group McLarens Young International has ceased working with its affiliate partner in Canada with immediate effect and will shake-up other regions soon.
Gay-only deal website looks to add insurance products to portfolio
A former loss adjuster, who left the industry when his firm went bust to set up Europe's first gay-only deal website, is considering teaming up with insurers to expand.
Thistle aims high despite 2011 losses
JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.
Career development & CSR: Paralympian goes for gold with Chaucer sponsorship
One of the UK's top wheelchair rugby players is hoping support from Chaucer will give him the backing he needs to realise his Paralympic medal dream.
Judge rules on National Trust negligence case
A High Court judge has ruled that the National Trust was not to blame for the death of an 11-year-old schoolboy fatally crushed by a branch in woods in Norfolk.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
O'Roarke urges legal fee crackdown
LV's managing director of general insurance John O'Roarke has added his voice to the cries for a crackdown on legal fees.
Allianz voted 'most green' insurer
Allianz has been voted the most environmentally sound insurer in the latest Best Global Green Brands. The eco-friendly firm, which was ranked 21st in the overall brand listings, has risen 46 places from its 2010 position in the annual Interbrand survey.
Does bad management affect business performance?
Recent research from the Chartered Management Institute found that 55% of employees do not think their managers are competent or confident enough in their roles. According to the CMI, "perhaps more worryingly, 38% of employees report that their boss…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.