All Insurance Times articles in Issue 08-11-2007 – Page 2
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News
News in brief
Cost of bank errorsBank errors and delays are costing the UK insurance industry more than £280,000 each year, as companies chase lost or delayed international payments, according to Travelex, the global business payments specialist. First published 31 OctoberBeazleyCargo launchedBeazley’s UK marine team launched BeazleyCargo, an online certificate-issuing system, which removes ...
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News
Financial news in brief
R&SA signs IT dealRoyal & SunAlliance (R&SA) signed a 10-year IT out-sourcing deal worth £92m, with T-Systems. R&SA will outsource its IT and printing operations with 63 employees being transferred to the service provider. Markel GWP falls 8%Markel International reported an 8% fall in gross written premiums to $162m for ...
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News
New Groupama chief to continue broker buys
Groupama Insurances’ new chief executive François-Xavier Boisseau has said the insurer will continue seeking acquisitions and UK investment opportunities.Boisseau, who was promoted following the departure of Pierre Lefèvre this week to run Groupama’s Italian subsidiary companies, said he was happy with the company’s current operating model.Lefèvre has been with ...
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News
Brokers in HNW merger
Two brokers that have merged to specialise in the high net worth (HNW) market have ruled out acquisitions claiming that brokers who have acquired are losing clients.Smith Ross Shane and Greenfield Risk Services are to join forces to form Smith Greenfield Services. But managing director Steve Smith said it would ...
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Features
It’s time for a touch of colour to hide the grey
Premium finance has been dominated by the sale rumours surrounding market leader Premium Credit. But there’s a lot more going on in the market, as Caroline Jordan explains
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News
Treasury rules out corporation tax cut
Industry leaders meet Treasury officials to discuss how London can be more competitive
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News
Culver sets its sights on Lloyd’s presence
Culver is aiming to become the first Welsh Lloyd’s broker, as it looks to break into the top 50 UK brokers. Chief executive David Sullivan said: “We want to have a London market presence to become more significant and more specialised. “It would give us a wholesale capability and it ...
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Comments/Letters
Resist the march towards disclosure
Andrew Paddick says the FSA may be unduly influenced by EC concerns on commission
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Backchat
Roll on Friday – but don’t roll off
Insurers beware: the fatal Friday phenomenon is about to hit our roads.A report has revealed that when the clocks go back and the winter nights draw in, more accidents take place on a Friday between 4pm and 6pm.Commuters with that ‘Friday feeling’ are more likely to have a smash, the ...
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News
Goldman Sachs enters Lloyd’s with syndicate
Goldman Sachs has entered the Lloyd’s market with the creation of a turnkey syndicate, it announced this week.The move comes amid speculation that the investment bank had been trying to extend its operations in the insurance market by buying broker Benfield. But the £700m deal is believed to have collapsed.Arrow ...
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News
Jelf Group network launch
Jelf Group and former Westinsure managing director Bob Parkins has launched a network in the South West. Jelf group chief executive, Alex Alway, who will chair the new venture, said: “The inde-pendent broking market is vital in providing businesses and individuals with impartial advice on insurance and risk management. While ...
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Comments/Letters
Letters
ABI’s MP lobbyingThe ABI fully supports its member companies lobbying on issues such as flooding (“AXA lobbies MPs over flooding concerns”, News, 1 November). We carry the collective weight of the industry in our discussions with the government, MPs and other stakeholders, and in the media. Members can both reinforce ...
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FeaturesSaga lures the silver surfers
Saga’s new social networking site for the over-50s could open a platform for insurance companies to talk to their customers. Will others follow suit? Anita Anandaraja reports
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FeaturesThe man who can never sit still
Steve Burrows has, he says, ‘a finger in every pie’. Now he’s about to dip into several more. . . Danny Walkinshaw meets the chief of the expanding commercial lines network
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News
NU shakes up top management
Job losses likely as changes to insurer’s operating model bring distribution into a single unit
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