Post - 2011-07-28

Postbox: Mediation is a viable alternative

The various debates surrounding the future of referral fees and the resulting impact on the costs of insurance — 'TSC re-opens premiums inquiry as referral fee furore escalates' and 'Referral fees a 'red-herring', claims CSC' - overshadow the fact that…

Business as usual after ex-Nilefern CEO jailed

Nilefern — the Lloyd's coverholder previously run by the now disgraced Martin Fisher —has declared that it is "business as usual" following the news its former chief executive has been jailed after pleading guilty to a string of child sex offences.

BMS: US reinsurance focus after buy out

BMS bosses have vowed to switch the company focus towards the US reinsurance market following the news that the broker has reached an agreement to buy out its only external shareholder AHJ Holdings.

Editor's comment: A disturbing pattern

No sooner have counter fraud managers applauded the industry's backing of an insurer-funded fraud police unit, than their vehicle theft counterparts are bracing themselves for going it alone in trying to tackle another criminal act.

Garwyn begins another CEO hunt

Private equity-owned specialist liability loss adjuster Garwyn is to appoint a new chief executive officer to replace Stewart McCulloch "in due course," just 13 months after he joined the business.

Jersey firm has Giles in its sights after takeover

Bosses from Jersey-based Islands Insurance have heralded the acquisition of Reed Insurance Associates as "a big leap forward", after finalising a deal that sees the firm become the self-proclaimed second largest operator on the Channel Islands.

Postbox: Fraud problem underestimated

I am writing to address the comments in the last edition of Post from Simpson Millar partner Emma Costin 'Co-operative attacked over PI claims fraud focus' , who I believe is underestimating the growing issue of false personal injury claims.

XL seeks alternative to non-disclosure clause

XL Insurance is in the process of drawing up an alternative to risk management trade body Airmic's model 'non-disclosure clause', in a bid to encourage insurers to sign up to it, Post has learned.

North of the Border: lack of consensus on cost reform

How quickly and cost-effectively will future claims in the Scottish courts be dealt with? The Gill review of Scotland's civil court system sought to provide a comprehensive answer to this question but has yet to be implemented.

Group unveils ABS plan despite delay

Triton Global has "stuck its head above the parapet" to announce it is ready to become an alternative business structure, as soon as it has the green light from the Solicitors Regulation Authority.

Comment - RTA scheme extension: Desirable data

After a year in operation, the RTA claims process is coming under scrutiny to determine whether it is actually working. Tim Wallis explains why statistical analysis is useful and desirable, but also difficult, at this stage.

Penny Black's insurance week

If Penny thought that Take That fever had passed following the end of the reformed pop band's UK tour she was very much mistaken.

Payment protection insurance: Crossroads for PPI

Three months ago the High Court rejected the British Bankers' Association's attempts to challenge new payment protection insurance regulations. With the controversial product already battling reputational issues, Tim Pope looks at the future of the PPI…

View from the top: The start of the journey

Four weeks into my new role and, after working in RSA's UK commercial business for 11 years, I have returned to my roots in the UK market. In many ways, it feels like I have never been away and yet, in others, it does.

Mobile phone insurance: We've got your number

Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.

Irish underwriter targets UK market

The managing director of an independently owned Irish underwriting agency has set his sights on the UK after signing a deal with Axa Ireland to launch a new motor product for its local market.

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