Post - 2010-05-06

New UK government to face rehab lobby over lack of plan

The UK Rehabilitation Council has pledged to lobby whichever party wins today's election about the absence of any rehabilitation strategy for England, after it emerged Scotland is leading the way on this front and Wales has a multi-million pound…

Regulator waits on UK plan

Quinn Insurance's administrators are to spend at least a week on actuarial analysis of the UK commercial lines market before submitting plans to the Financial Regulator about it re-entering further selected lines.

SSP reveals profits rise

Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.

Reborn takaful firm eyes commercial move

Shariah compliant insurer Salaam Halal has vowed to write commercial business in the UK on its re-entry to the market, following parent group Principle Insurance's acquisition by the Kuwait-based Al-Salam Group.

Kwik Fit's Meechan joins Tesco

Kwik Fit Financial Services insurance development director Gerry Meechan is set to join Tesco as part of its new general insurance structure, Post has learnt.

Towergate smooths IPO path with debt restructure

Towergate has enlisted investment bank JP Morgan to advise it on a debt restructure that will extend the length of time it has to repay monies owed by swapping bank debt and preferred shares for a stake in a new subsidiary.

Claims Club News: RTA portal needs revamp

The road traffic accident portal, which went live last week, will need to be refreshed as early as the summer according to Fraser Fundell, chief executive of IDSL, the firm commissioned to manage the technology.

View from the top: Last of the icy conditions?

It's been a hard winter for many — but particularly for insurers. Claims losses have been rising for several years and the recession isn't helping either. CIFAS, the UK fraud prevention service, says that 2009 saw a 55% increase in false insurance claims.

Broking focus - referral fees: Fight less, pay more

Brokers have been told they can expect falls in income generated from referral fees after new reforms were implemented on 30 April. Ralph Savage discusses the potential fallout from these new rules and what impact it could have on brokers' bottom line.

Climate change: Just the beginning

After the failures of the conference in Copenhagen, Rachel Gordon looks at the work done by insurers in ensuring the threat of climate change is properly addressed.

Climate change: Storm in a teacup

Was the 'climate-gate' incident blown out of proportion? Dr Andrew Dlugolecki looks at the facts behind climate change and why a couple of e-mails do not contradict the science.

Bureaucratic bosses damage insurance management

The insurance sector is suffering from substandard management, according to a new report. Research by the Chartered Management Institute found that 58% of the sector's workforce feels the dominant leadership style where they work is negative — putting…

FM Global staff compete head on

A total of 35 teams from FM Global in the UK are taking on their colleagues around the world in a 10-week wellness challenge. Now in its second year, the insurer's global shape-up initiative encourages staff and their families to compete in order to…

BLP appoints three sales reps

Building defects insurance specialist BLP has appointed three salespeople. Brian Kilroy joins as business development manager and will head up the sales operation.

Penny Black's insurance week

Aviva may have gone 'running back' to the corporate risk solutions market but its head of account management and business development Owen Thomas will be hoping to 'blitz' the competition in more ways than one.

Biba 2010 Countdown: At the fringe

This year's British Insurance Brokers' Association Conference will feature a number of fringe sessions for the first time. Chris Hanks explains what his firm will be doing.

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