Post - 2011-09-22
Articles in this issue
News review 14 - 20 September 2011
A review of news stories which broke between 14 and 20 September 2011.
MGAA launch: Changing perceptions
Delayed since 2010, the Managing General Agents Association launched this month, with a brief to ensure the insurance industry and regulators understand exactly what role MGAs perform.
Interview - Matthew Reed: The challenge is everything
With insurance as his third career, Matthew Reed, Axa Commercial’s managing director of intermediary and direct, has risen rapidly up the ranks. Amy Ellis finds out how previous experiences have invested him with the determination to turn the insurer…
PSTF: Cloud technology counters cost while catering for demand fluctuations
Post’s Strategic Technology Forum debated cloud technology from a user’s perspective, the perils of ignoring mobile and risks surrounding social media.
PSTF: Ignoring mobile interaction could be ‘devastating’
Companies that are yet to fully embrace the web should look straight to mobile to ensure competitive advantage.
PSTF: Eliminate social media confusion before policies tested by regulator
Law firm Taylor Wessing has urged companies to implement formal social media policies, or risk falling foul of the regulator.
Whiplash - Britain: The European whiplash capital
With its proportion of whiplash claims far outstripping any other European nation, what must the UK do to curb this cause of claims inflation?
Holidaymaker injuries: Making a splash
The popularity in unusual and dangerous crazes performed by holidaymakers has serious implications for the insurance industry.
Law report: Negligence found after tyre blow-out
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Time-bar ruling overturned as liability was not established
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Health & safety judgments remain good law despite minor issues
This law report has been contributed by national law firm Berrymans Lace Mawer.
View from the top: Sleepwalking to a fleet nightmare
New business discounts, cross subsidising and top-line chasing remain rife, says Laurent Matras, managing director, Groupama Insurances.
Expert opinion: A missed opportunity
MP for Blackburn Jack Straw's proposed bill will have no effect on fraud or premiums, says Philip Dicken, strategic partnersip director, New Law.
News analysis: Private equity and the rules of attraction
Private equity firms continue to be enamoured with the claims industry — just why is this?
UBS rogue trader scandal lures underwriters back
The multi-billion dollar UBS rogue trader scandal has helped spark a rise in the number of underwriters willing to re-enter areas of high volatility exposure, according to a US professional lines expert.
Oval restructuring continues apace
Widescale restructuring at Oval appears to be gathering momentum, following a spate of high-profile boardroom changes at the broking firm.
Broadgate acquisition is last for Torus
The recent acquisition of Broadgate Underwriting by Torus finalises a string of hires and acquisitions by the globetrotting insurer.
Career file - Jorge Luzzi
Pit stop of Pirelli's Luzzi at Ferma.
Career development: LV ups investment in employee training programme
LV has launched its leadership curriculum, a new training programme designed to give existing staff a bespoke pathway to improve skills and support ongoing development.
Editor's comment: Overcoming the barriers
If there’s one thing we can say for sure this week, it’s that the latest round in the subrogation set-to over disputed motor repair bills will not be the last.
RSA to head to High Court to defend disputed subrogation policy
RSA is going to the High Court next year in a bid to defend its policy of adding as much as 25% to bills passed on to rival insurers through subrogation.
MYI CEO targets more acquisitions after sealing double deal in a week
McLarens Young International has underlined a period of rapid global expansion with the acquisition of a US-based SME claims adjusting firm, just days after announcing its commitment to the aviation sector.
WNS targets top three spot as delayed property repair business launches
WNS Assistance has launched into the property repair space, eight months after it vowed to become a top three player in the sector.
American broker blames barriers to entry for lack of interest in London
Reinsurance broker Tiger Risk Partners UK has claimed to be the first US-owned broker to set up a London office since 2003, blaming the lack of interest on the UK’s “significant barriers to entry”.
Your Say: Restoring confidence
We read with interest the report on the market survey carried out by LAS Claims Management, described as a ’damning assessment’ of restoration companies in particular.
Penny Black's insurance week
Biker chick Penny’s wheels broke down on the M25 on Sunday and, being the caring type, she turned into a works entrance so as not to block the carriageway — already reduced to two lanes because of roadworks — only to realise the error of her ways.
My best 11 - David Williams, Axa Commercial Lines
Axa Commercial claims and underwriting chief David Williams picks his best XI for a potential insurance start-up company. Relying on his vast management experience Williams has selected a mix of sporting, celebrity and insurance personalities.
Career file – Bill Pieroni
After senior stints at State Farm, Aon, Accenture and IBM — where, as general manager he took charge of its $7bn (£4.5bn) insurance business — Bill Pieroni has moved to Marsh as chief operating officer of the global broking giant.
Market moves: All change at the trade bodies
With insurer moves slower than last week, this week has seen a number of changes among the trade bodies, with the Chartered Institute of Loss Adjusters, the |British Insurance Brokers’ Association and Federation of European Risk Management Associations…
Career development: Fusion launches apprenticeship scheme with Sunderland College
Fusion has partnered with City of Sunderland College, pictured, to launch a new apprenticeship programme for 15 young people.
Merlin Academy sees first batch of students graduate
The first class of students from the Merlin Academy set up last year have completed its accredited Chartered Management Institute Level 2 Certificate in team leading.
Post Magazine - 22 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.