All Insurance Times articles in Issue 25-10-2007
View all stories from this issue.
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FeaturesThey know the price but not the value
Tim Ablett says our customers are getting some great deals but still they complain. Why?
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Backchat
A grave statistic
Motor insurers take note – a reliable profession does not always guarantee safety behind the wheel.A recent study found that doctors and surgeons are among the nation’s most accident-prone drivers along with lifeguards, accountants and – yes – Insurance inspectors.Astrologers were revealed as the safest profession on the road. But ...
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C-Zone
Going Places
BrokerMarshMarsh UK has appointed James Elder to the new position of chief risk officer.Elder joins from Credit Suisse where he was a director in bank operational risk oversight. He will report to John Nicholson, chief operating officer of Marsh UK.Marsh has also appointed Jill Husbands as Bermuda head of office ...
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Backchat
The wheels of a Gent
Brokers in the North are keeping it real. Following a recent report by Cumbrian outfit Peart claiming the average age of a Bentley, Aston Martin or Ferrari owner has fallen from 45 to 35, Backchat was informed that Peart’s own employees were not rushing to upgrade their wheels. The age ...
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Features‘No one has grasped the enormity of this!’
Towergate chief Andy Homer and Open International boss Phillip Bell explain the strategy behind the audacious takeover. Michael Faulkner reports
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News Analysis
Speeding the electronic highway
The pace of Lloyd’s market reform is increasing with several groups developing their own electronic initiatives, and a crackdown on firms that miss implementation targets. James Dean reports
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News
An innovative empire of deceit
The adage that if something is too good to be true, it probably is neatly summarises the rise and catastrophic fall of Michael Bright and Independent Insurance. Following the company’s flotation on the stock market in 1993, the colourful and flamboyant Bright became the toast of the City and the ...
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News
Cooper Gay
Lloyd’s broker Cooper Gay is looking to acquire smaller Lloyd’s brokers as part of a “growth play”.The company is focusing on brokers that wished to retain their independence, chief executive Toby Esser said this week.Although he was unable to disclose potential targets, he said the strategy would involve strengthening existing ...
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News
Consultation on novice drivers
The government will launch a consultation on whether to overhaul the rules for novice drivers next month, the Department for Transport (DfT) said this week. It follows a report from the Commons Transport Select Committee on young drivers. Recommendations put to government included calls for zero alcohol levels for the ...
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News
Iprism nets comparison site deal with Gocompare
Underwriting agency Iprism has joined forces with Gocompare.com to offer the first commercial insurance comparison site offered through a mainstream aggregator.The white label tie-up is the first in a series of corporate partnerships to be announced by Iprism this year, according to Iprism chief executive Gary Burke.As of December, brokers ...
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News
Cobra set to create hubs in seven regional centres
Broker group in regional drive following Manchester broker buy
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Comments/Letters
We’re on the claims case
Sue Langley says Lloyd’s is winning the cultural revolution to implement electronic claims handling
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News
News in brief
Liberty appoints chiefLiberty Syndicate Management appointed Nick Metcalf as its new chief executive, following the departure of Sean Dalton in July 2006. Metcalf joins from Arch Insurance Group. First published on 19 OctoberEndurance appointmentPatrick Aeschbacher will join Endurance Worldwide Reinsurance to lead further development of its reinsurance business in Asia ...
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News
News in brief
VPL appointmentsVenture Preference (VPL), AXA’s broker subsidiary, made four senior appointments. Ian Story, finance director at Smart & Cook, is now chief financial officer for VPL. Geoff Bradford, managing director of Layton Blackham, takes on the role of integration director. Graham Coates, managing director of Stuart Alexander, will now be ...
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Features
News in brief
5,000 broker jobs at riskAlmost 5,000 broker employees could lose their jobs as a result of the slowdown in the UK economy, a report warned. The research, by Plimsoll Publishing, found that in the 1,730 largest brokers in the UK almost a third would be axing staff. The cuts were ...
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News
Insurers face supply shortage as bodyshops decline
Falling numbers of bodyshops blamed on insurers’ demands for low-priced repairs
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News
Claimants gear up for new plaques compensation bid
House of Lords rules pleural plaques not compensable
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News
Broker Network rejects takeover bid
Broker Network has rejected an approach from a potential buyer, believed to be Towergate. In a statement to the stock exchange on Tuesday, Broker Network said discussions had been held with a company, but the approach had been rebuffed. It said: “It [Broker Network] has concluded that the terms and ...
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News
The desperate struggle to avoid disaster
Formed in 1987 under the leadership of Michael Bright, Independent Insurance surged ahead with a series of acquisitions in the UK and Europe, also winning a string of best insurer awards from 1993 onwards.But problems began as no-win, no-fee personal injury legal services became increasingly popular. By 2000, commercial liability ...
