New IT system for Medicash
New IT system for Medicash
Health cash-plan provider Medicash is investing £250,000 in a tailor-made IT and telephone system to speed up the claims process for members. The investment will mean the introduction of a call centre facility for members and an integrated, computerised telephone claims system. The system is already available at the company's head office and will be expanded when Medicash moves offices in November.
Broker Godbold Hadden and subsidiary G H Bray have merged and will now trade as “ghbc”.
The new Hemel Hempstead-based company will have a combined revenue of £1m a year. Ghbc will pursue its core business of commercial and industrial brokering, and will increasingly specialisie in property and new technologies.
THE intermediary market is one of the main issues to be discussed at the Chartered Insurance Institute's conference from September 27 to 29 in London. Experts will analyse the emerging gap between the larger multi-national and the smaller broker, their purpose, their clients' satisfaction and other issues.
Euclidian hits a new century
Lloyds insurer Euclidian Group has increased its Lloyd's capacity by 10% from £80m to £88m to facilitate new broker business. Chief executive officer James Truscott said the group has opened more than 100 new accounts with brokers this year.
Alexander now the greater
Nelson Hurst Professional Indemnity is changing its name to Alexander Forbes Professions from October 1. The two firms merged in 1997, but Nelson Hurst retained its title to benefit from clients' awareness of its brand. The company now believes in the strength of the Alexander Forbes brand and is ready to enter the final phase of integration. Alexander Forbes Professions provides professional indemnity insurance and related services to a professional client base.
£91k fraudster avoids jail
An insurance fraudster who filed invented claims for more than £91,000 with CGU was given 220 hours community service and ordered to pay compensation to the insurers. Steven David of London had filed nine separate insurance claims, under four different names over a four-year period. CGU became suspicious and asked an investigation team from Cunningham Lindsey United Kingdom to look into David's claims.
More questions than answers
Insurance Times is to publish a repair and replacement survey and an online recruitment survey in its October Services Supplement. Questionnaires have been sent out. If you haven't received a copy please contact Alison Boyle at firstname.lastname@example.org or telephone on 020 7618 3494.
Credit insurer Euler posts half-year profits of £43.3m, an increase of 88% over the same period last year. Disregarding the capital gain made from the sale of shares in Coface, the net profit is £28.8m, an increase of 25%. Turnover for the six months of 2000 was £344.1m, a 7% increase compared with 1999. Net profit per share for the half-year was £1.29.
Three sides to every story
Colchester-based insurance scheme company Agency Underwriting has launched a
new triangular brochure with a promise to act as a guide through the “Bermuda Triangle” of insurance. The brochure contains a brief history of the company, a list of the various schemes available and the company mission statement.
Lombard deal for NCR
National Car Rental has won a contract worth £3m a year to supply vehicles, in-house rental facilities and tailor-made solutions to Lombard's vehicle management division. The contract is initially for three years.
Giles gets IIP award
Irvine-based Giles Insurance Brokers, which employs 140 people in its nine branches, has achieved the national quality standard, Investors in People. Giles has been working towards IIP status since December 1999.