Post - 2011-12-01
Articles in this issue
Fire protection sprinklers: The market needs saturating
Despite research showing sprinklers significantly reduce economic damage and environmental impact following major fires, hopes for mandatory legislation remain low.
Review of the year - Loss adjusting: Ups and downs
2011 was another rollercoaster ride in the loss adjusting sector, with claims surges, criticism from insurers, struggles with recruitment, and mergers and acquisitions.
View from the top: Embrace the post-Jackson world
The Jackson reforms present a real opportunity. As we await the Ministry of Justice consultation response, let’s be optimistic and assume full implementation next year at sustainable costs levels with real incentives to keep cases ‘on track’.
My best 11- Ian Wainwright and Paul Lee, Ecclesiastical Insurance
Ian Wainwright, broker sales director at Ecclesiastical, and Paul Lee, northern regional director, select their Best XI for an insurance start-up. The self-styled Clough and Taylor have chosen from the great and good of insurance — including their boss —…
News analysis: Forensic claims analyst issues warning as insurers fail to focus on audits
A specialist forensic claims analyst has warned that insurers need to take claims auditing “far more seriously” in the wake of the High Court case brought against Endsleigh.
Market moves: Fresh faces for underwriters
As the industry heads into December, underwriting agencies and insurers lead the way in the job market. This week saw major moves at Chubb, More Than and Travelers, while Evolution, Arista and Ink all welcomed new staff. It was another slow week for…
Career development: Allianz employees gain CII qualifications
Allianz staff have received the results of their Chartered Insurance Institute examinations, with 78% of employees achieving passing grades.
Insurance fraud police unit reveals areas to be targeted after assessment
The £3m insurance fraud police unit could be charged with tackling ghost broking, insider fraud, ‘crash-for-cash’ and corrupt professionals, including lawyers and doctors.
Health and safety proposals welcomed by insurers
Insurers and lawyers have welcomed the government’s claim that it will cut the health and safety burden on employers.
Airmic to have global compliance database ready by September 2013
Airmic is to create a final version of its industry-backed global compliance database by September 2013.
Buckley Scott boss defuses sale talk with new hires
The chief executive of liability loss adjuster Buckley Scott has rebutted claims the firm is up for sale by announcing five new appointments.
Parker Norfolk to double number of employees after takeover
Lloyd’s broker Miles Smith plans to double its employee numbers at newly acquired wholesale motor fleet specialist Parker Norfolk over the next 12 months.
Reid furious over Bluefin sell-off rumours
Bluefin Insurance Group boss Stuart Reid has insisted Axa calling in advisers to look at selling off Bluefin Advisory Services has no impact on the general insurance broker.
As Brit looks to sell UK arm, Simply Business attracts PE interest
Online broker Simply Business is expected to be targeted by a number of private equity houses and insurance firms, following the news that significant shareholder Brit Holdings is looking to sell its UK arm for £150m.
ULR Additions shuffles jobs as accounts remain unfiled
Legal expenses provider ULR Additions has failed to file its accounts at Companies House, almost four months after Post revealed that two long-standing senior figures had departed the firm.
Editor's comment: Sales, sprinklers and statistics
Any reputable estate agent — excusing the potential oxymoron — will tell you the property market falls quiet in the run-up to Christmas, as potential vendors focus on the festivities ahead. Not so in the insurance market, with an unexpected end-of-year…
Your say: Question marks over Bent
The judgment in the Bent v Highways and Utilities case raises some very interesting questions - and there are at least two question marks hanging over the early stage handling of the case.
Career development: MA names new standards manager
The Lloyd’s Market Association has appointed Ben Baker to the role of professional standards manager, as it prepares to launch its new training academy.
Penny Black’s insurance week
Pity Penny’s friend Jamie Marchant, Groupama’s marketing supremo.