Post - 2010-06-17

Articles in this issue

ABI: no bias against NI

There is no fundamental bias against the Northern Irish motor and property markets — and higher costs in the legal system are the reason personal injury claims tend to be steeper.

Williams leaves Tesco Compare

Tesco's commitment to making serious headway in the price comparison site market has come under scrutiny, following the departure of its chief executive.

RSA seeks two after director departures

RSA's commercial broking division is to lose a second key director within a month, when Aaron Devitt leaves the UK business. Mr Devitt, sales director since November 2008, will leave to take over as commercial lines director for RSA's Scandinavian…

Ceiops member disputes broker independence

Intermediaries that accept commission should be prevented by law from describing themselves as independent, according to a member of the Committee of European Insurance and Occupational Pensions Supervisors.

Quinn redundancies

The administrators for Quinn Insurance will not be enforcing compulsory redundancies at the beleagured insurer, after enough voluntary redundancies were taken up.

Corpore to buy assets

Corpore is to acquire some of the assets of rehabilitation provider, Kynixa.

IGI to change name

IGI Insurance is to change its name to Am Trust Europe, having received a major investment from multinational property and casualty insurer Am Trust International Insurance.

Ansvar status change

Ecclesiastical is proposing to alter Ansvar's legal status to a business division of the group.

Axa remains committed

Axa has insisted it remains committed to its UK general insurance and health operations.

Millar joins QBE claims

The former head of specialist claims operations at Royal Bank of Scotland Insurance Julian Millar has joined QBE.

Brockman unconcerned over past PAYG failures

The founder of telematics-based motor insurance provider Insure the Box has said its sole focus on pay-as-you-go technology makes it more likely to succeed where others have failed.

Editor's comment: Brit offer makes waves

Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.

Eight-fold fee hike slammed

The British Insurance Brokers' Association has urged members to take an active role in an upcoming consultation of Financial Services Compensation Scheme levies to help reduce the burden of fees on intermediaries.

H&S review "irrelevant"

The Claims Standards Council has labelled Lord Young of Graffham's upcoming review on health and safety legislation as "totally irrelevant".

Willis commitment

The Willis commercial network has announced two of its largest members, Berkeley Insurance Group and Beaumonts Insurance Brokers, have committed to remain with WCN in long-term deals.

Ink relocation

Ink Underwriting Agencies has relocated to new offices at Vantage House in Rayleigh, Essex.

PB leadership training

Professional Broking, the management magazine for insurance brokers, has announced the latest round of dates for its leadership training for broker managers course, helping managers develop skills from problem solving to recruiting the right people.

Stonebridge looks to expand

The former operations director of energy specialist Oamps has joined the board of Epsom-based broker Stonebridge Corporate.

Staysure opens Spanish branch

Over-50s insurance provider Staysure has opened a branch in Marbella, Spain offering home, health and travel insurance plus pre-paid funeral packages to the expat community. As well as running the expat service, the new office will provide a base for…

Tyco extends contract

Tyco Risk Management has extended its third-party administrations contract with Cunningham Lindsey for a further two years.

QLP and DAC join forces

Insurance broker QLP and law firm Davies Arnold Cooper have joined forces to launch a risk management tool aimed at helping law firms reduce their exposure to professional indemnity insurance price and provision volatility.

NIG mapping tool

NIG has rolled out a new geospatial mapping tool covering the whole of the UK including Northern Ireland.

Risk to reputation

Eighteen years of independent corporate governance reviews have failed to reduce the risk to shareholder value and corporate reputation, according to Matthew Bates, Heath Lambert's head of risk management.

Passion is important

Passion and politics are just as important as technical skills when it comes to securing today's top risk management roles.

Cyber liability exposure

Cyber liability is the most significant emerging liability exposure in the UK, according to the Airmic's first-ever benchmarking study into the casualty insurance market, carried out jointly with Advisen.

Risk managers need board level support, claims survey

UK corporations remain overly reliant on insurance as a catch-all solution and are failing to take risk seriously as a board issue by delegating responsibility downwards. These are among the key initial findings of a three-year study being undertaken by…

Ace launches real-time monitoring tool

Multinational clients of Ace UK are set to benefit from real-time management and monitoring of their insurance programmes with the launch of Worldview this week, a web-based portal clients can access direct from their desktops.

RSA accident defensibility

RSA has launched a claims defensibility programme for large corporate clients to enhance risk management issues surrounding accidents in the workplace.

View from the top: Keeping the team onside

Compensating those who suffer injury at work and returning them to employment as fast and as safely possible is not only the morally right thing to do, but it is also in the best interest of the insured and their insurer. Nevertheless, average claims…

Postbox: A Budget tax warning

With the new coalition government currently reviewing spending and revenue, many forecasters believe that the 5% tax rate on general insurance will be at least doubled in the emergency Budget due on 22 June.

Rehabilitation - PAS 150: Starting the journey

In the second article of a two-part series on the new rehabilitation code of practice, Lynn Rouse explores concerns about cost, cohesiveness and potential public sector failure to join their private provider counterparts in the journey to compliance.

Bloodstock: Beating the odds

The going is tough for bloodstock insurers, with overcapacity, pressure on rates and a tendency towards self insurance. Jane Bernstein reports on the financial pressures involved in the industry.

Haywards defends its title

Staff from Haywards Heath-based First Central Insurance Management, the service provider for online motor insurer First Central, defended their title and won the annual Action For Children Football Tournament, which is organised by recruitment agency…

Career development & CSR news: Ask the expert

My recent interview feedback has said I come across as over-confident in my abilities — and sometimes even aggressively self-promoting. How can I remedy this while still striking the right balance?

Penny Black's Insurance Week

Insurance and West Bromwich Albion have not appeared in conjunction too often in this column in the past — bar one reference to Baggies fan and Towergate CEO Andy Homer's lucky pants, perhaps.

Cloud computing: Clouds on the horizon

Cloud computing has become the latest idea to catch the eye in commercial computing. Sam Barrett reports why the insurance industry is carefully assessing the advantages and potential pitfalls.

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