All Insurance Times articles in Issue 06-12-2007
View all stories from this issue.
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Comments/Letters
The credit crunch will take its toll
Tim Wilson says brokers will struggle as credit lines dry up
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News
Web news
Allianz in Lockton dealAllianz Engineering has announced a deal to provide Lockton’s computer covers on an exclusive basis. The three-year deal will generate over £1.5m in premium. First published 30 NovemberSyndicate launchedBarbican, a new £75m capacity syndicate, has been launched. The venture is supported by two US private investment funds, ...
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News AnalysisNetworking with Towergate
Towergate’s acquisition of Broker Network has raised many questions among the network’s members. Will the deal prove to be good news for both broker and network? Tom Flack and Danny Walkinshaw report
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Features
Misleading websites warning
One in four adverts on financial firms’ websites is misleading, the FSA has found.A significant minority of websites fail to present information in a fair and clear way, according to a review of 77 firm’s websites carried out by the regulator.The FSA has published examples of good and bad practice ...
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Backchat
No place like home
Backchat was comforted when it received a survey from BUPA International, the world’s largest expat insurer, claiming that nine out of ten expatriates would recommend a life abroad.As the early nights set in, the rain falls and the wind blows, it is reassuring to know that three in every four ...
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Features
Straight-talking from the history man
Equity’s incoming chairman, David Pye, brings a wide knowledge of the industry and a track record of profitable underwrting, but he tells James Dean that it’s all down to a knowledge of history
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Backchat
Protecting your festive identity
Following the news of late, Backchat was relieved to receive a warning letter regarding identity theft, but somewhat amused to find it deposited among a smouldering pile of junk mail.Credit report provider Callcredit has advised against “giving fraudsters an early Christmas present” by failing to protect their identity when shopping ...
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News
Ex-RBS director to head Zurich’s retail division
Zurich has poached former Royal Bank of Scotland director Mike Quinton to head up its retail and partnerships division.The move to put both divisions under one managing director echoes a similar structure at Zurich’s European level that was put in place by Theo Bouts, chief executive of direct and partnership ...
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Comments/Letters
How to deliver on the promise
Michael Graham says that a joined-up approach is a must for quality customer service
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News
Steps needed to cut UK terror threat, says Levene
Lloyd’s chairman calls for action after report highlights home-grown terror boost
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News
Shares continue to feel sub-prime heat
Despite experts’ predictions that London-based insurers are likely to escape heavy claims from sub-prime exposure in the US, fears among investors have led to falls in insurers’ share prices in recent weeks.Volatility will continue, analysts say, as the fallout from the crisis plays out.Brit Insurance has been hit hardest, with ...
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News
New Marsh chief ponders MGA model
Former AIG UK boss returns to revive growth at broking giant by reducing complexity
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News
RBSI unveils restructuring changes
Move is said to create growth and stop its brands from competing against one another
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News
Decision time as FSA calls crunch meeting on commission disclosure
The insurance industry is braced for a decision on whether commission disclosure will be made mandatory next week, with the FSA calling major players in for a crunch meeting and its consultants preparing to publish their findings.Biba and IIB officials are among industry representatives invited to a briefing on commission ...
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News
China insurer buys into Fortis
Chinese insurers have made further inroads into the European market after the country’s second largest life insurer, Ping An, paid $2.7bn (£1.3bn) for a 4.2% stake in Fortis Group.The move sees Ping An become a leading shareholder in the banking and insurance colossus. It follows the announcement by China’s largest ...
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News
THB set to buy PWS business
THB is set to acquire the Lloyd’s broking business of PWS International and the overseas interests of the PWS group.The two companies are in negotiations in the hope of reaching a deal by the end of the year. Acquisition terms are yet to be agreed and due diligence is being ...
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Features
Opportunity knocks for brokers to clean up
With flood alerts now a regular occurence, brokers are well placed to take a crucial role in business continuity and disaster recovery. 2008 offers a great opportunity for brokers to become trusted business advisors in this area. Caroline Jordan reports
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Features
What does the future hold for brokers and insurers?
The insurance market has changed forever, according to Ernst & Young and the CII. A combination of events – soft market conditions, the availability of investment funds and an uncertain regulatory environment – are combining to accelerate the scale and pace of changes in distribution in the SME market, according ...
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News
News in brief
Claims survey revisitedA survey of London market claims brokers, first taken in 2005, is being repeated in an effort to re-address claims issues. A “significant percentage” of the Lloyd’s market capacity has signed up to revisit the issues of service quality, reputation, and current issues such as electronic claims files ...
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News
News in brief
25-year flood strategyThe ABI has called on the government to develop a 25-year strategy to manage Britain’s growing flood risk, to include an investment programme and stronger planning controls. Its report, Summer Floods 2007: Learning the Lessons, also called for improved national leadership and coordination with national targets for reducing ...
