Post - 2010-01-28

Insurer to branch out

International medical insurer ALC Health has revealed plans to open additional offices in the Far East and Eastern Europe over the next 12 to 18 months, after appointing a new head for Europe.

FSA warns brokers of "intrusive" supervision

The Financial Services Authority has made the handling of client money its "number one" target in its supervision of insurance brokers in 2010, according to the British Insurance Brokers' Association.

HBA moves into recycling

Lloyd's of London broker HBA Insurance has made a move into the recycling industry, following the launch of Recyclesure.

QBE to moderate 2010 growth plan

The managing director of QBE's property division has admittted it will "cut back its ambitions" for immediate growth as a result of the benign rating environment but that the end game is still to have a 10% market share by 2015.

Editor's comment: FSA: not gone yet

If the insurance broking fraternity thought that the banking crisis would lead to the Financial Services Authority giving them an easier ride over the coming months, as it channelled its energies there, then last week's 'Dear CEO' letter may have caught…

FSA finds leaky flood cover

The Financial Services Authority has warned that general insurers may not be treating customers fairly when communicating policy terms on flood cover.

Scots take English referrals

A Scottish claims management company has seen a 40% increase in personal injury claim referrals from English firms as a result of a proliferation of television advertising by personal injury firms, according to its managing director.

Buffett buys Munich stake

Berkshire Hathaway's Warren Buffett has added a stake in Munich Re to his insurance holdings, boosting the company's shares as Post went to press on Tuesday.

Pittman leaves Merlin for "adjusting" role

Davies' new head of claims operations Jim Pittman says he is looking forward to returning to "conventional" loss adjusting after joining from rival firm Merlin Professional Claims Services.

View from the Top: Let's fix broken motor

Media headlines highlighting the troubled state of the UK's private motor market have become commonplace. Independent analysts EMB recently predicted the market is losing £120 for every £100 premium written.

Postbox: Time to bridge the divide

In response to Phil Bird's article ('Time for change?',www.postonline.co.uk/1567561) published in the 31 December/7 January issue, I wholeheartedly agree with his observations. And, coming from an insurance company background — with the added advantage…

Regulation - PPI fallout: Burst the balloon

With the Competition Commission poised to bring a new case against point of sale payment protection insurance, Leigh Jackson asks what now for the sector — and where might the regulator point its finger next?

APC
Penny black's insurance week

Penny was troubled to learn Davies' new head of claims operations Jim Pittman has suffered an unfortunate setback following a recent foray into the world of martial arts.

30 Years Ago: Olympic threat is scrutinised

Decisions over the Moscow Olympics are being closely watched at Lloyd's, which is now understood to have a $40m (£34.8m) to $45m risk exposure on it for the National Broadcasting Company in the US.

20 Years ago: Lockerbie boost for relatives

Lockerbie relatives seeking damages from Pan Am received a boost to their cause in a US federal court last week, when a judge ruled that punitive damages could be sought under the Warsaw Convention.

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