Broker News – Page 525
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Contract Certainty Code of Practice launched
Contract Certainty Steering Committee (CCSC) publishes a code of practice to help meet contract certainty targets
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Marsh condemns New York Post over 9/11 photo claims
MMC blasts the New York Post for suggesting that it used images of the Twin Towers in its latest ad campaign
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Walk-in underwriting service – good idea?
Last week, Royal & SunAlliance announced it was opening a new “open door” underwriting office in Leeds. Brokers will be able to walk in off the street to speak to an underwriter. Natasha Lavattiata asked four brokers whether it was a good idea.
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Risk managers concerned about broker payments
Risk managers are still concerned about broker remuneration and transparency, according to a survey conducted at the Airmic conference. The survey revealed a large number of respondents (86%) emphasised the importance of how brokers are paid. Over two thirds (70%) of respondents said the broking sector had not changed ...
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Comments/LettersBattle for talent
Elliot Lane says the business of recruiting and holding talented individuals is tough, but one worth investing the necessary time, effort and funds in
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Aon backs claims paying index
Broker's own index shows high performance of insurers' claims service
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Direct Line attacks price comparison websites
Research finds confusion among consumers about what price comparison sites actually provide
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Broker transparency in doubt
Airmic delegates unconvinced on broker transparency and remuneration
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Benfield confirms £8m hit from Lloyd’s settlement
Benfield reveals financial impact of Lloyd's central fund settlement
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Online onlyOval's acquisition march continues
The broking giant continues to consolidate but there are still gaps in its portfolio
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NMB appoints new marine division director
David Warne set to develop the 'bluewater' marine arm of the business
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Pollution insurance biggest concern for airlines
Environmental pollution insurance knocks computer crime insurance into second place according to Aon’s airline risk management survey
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Oxygen and Advisen announce joint initiative
Oxygen works with Advisen to build an online benchmarking service in the UK
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Lockton legal PI business dive
Lockton’s professional indemnity (PI) business is in freefall after losing four major law firm clients to rivals in recent weeks and seeing its revenue slashed by £300,000 as a result.The broker also saw two senior people depart within the professions division last week and is getting rid of a further ...
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Cullum is staying, says Towergate
Towergate has quashed reports that its chairman Peter Cullum is set to step down, saying that Cullum is in fact set to be at the helm for at least the next two years. Marc DonFrancesco, group head of marketing, said: “Anyone who thinks that Peter is stepping down ...
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Fresh market fears over electronic reform
Senior insurance figures have raised doubts over the ability of the Lloyd’s and London market to process all new claims electronically by the end of 2007. Insurers and brokers have until the end of the year to start transacting claims through document repository, the electronic claims file (ECF), as set ...
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Airmic’s broker boost
A survey of Airmic members has found they are experiencing much improved broker transparency. According to a survey published at the association’s annual conference this week, 38% described the willingness of their brokers to disclose their remuneration as excellent, 36% as good and just 6% as poor.Airmic chairman Colin Campbell ...
