All Insurance Times articles in Issue 29-11-2007 – Page 2
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Comments/Letters
Brokers need more support from underwriters
Despite the fact that changes are being introduced to the Insurance Conduct of Business (ICOB) rules next month, it strikes me that very little has been done to understand the proposed reforms, or make alterations to be compliant with them.After its usual round of consultation and discussion, the Financial Services ...
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Comments/Letters
Convergence is the flavour of the month
Sarah Kennedy says that Allianz is the latest in a line of firms seeking to merge divisions to adapt to market changes.
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News
Critical underwriting shortage highlighted
The insurance market is facing a critical shortage of underwriting expertise, made worse by consolidation in the market, a report by the CII and Ernst & Young has revealed.The Future of Distribution in SME Commercial General Insurance says that underwriters will have to become more entrepren-eurial, and develop stronger data ...
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Features
Who’ll be top dog of the high net worth pile?
Brokers are finding increasing competition in the high net worth sector but they can still have a profitable business. Caroline Jordan reports
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Comments/Letters
E-certificates welcomed
The Department for Transport’s (DfT) decision to implement motor e-certificates (News, 22 November) is fantastic news. The BGL Group has been lobbying on this point for many months to highlight its huge benefits, and to push for its adoption.The move will help the motor insurance database, financed by the insurance ...
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Backchat
It was game off at FWD’s tables
To Mitre Street for FWD’s annual shindig – this year, gangster themed. Despite the fact that no one, including the hosts, donned their costumes, spirits were lifted (and beers too) by the in-house casino, complete with the old favourite, blackjack.But the dealer’s emphatic declaration that insurance was unavailable, led our ...
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C-Zone
Going Places
BrokerClear Insurance ManagementClear Insurance Management has appointed Paul Roberts as account executive. Roberts joins from Aon Global Risks. Direct GroupDirect Group has appointed Stuart Pendleton as account director, financial services.Pendleton will be responsible for the growth, management and development of business relationships in the financial services sector. He has 18 ...
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News AnalysisGrasping the MGA nettle
Willis announced last week that it is to launch its own managing general agent. How much of its business will go into the MGA channel and how will larger brokers react?
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Backchat
High time for landlords
According to an online broker, landlords should be on high alert after receiving a record number of damage claims for rented properties being used as cannabis factories. The broker says claims range from fires caused by lighting systems being used for growing the plants, to floorboards ripped up to make ...
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News
Homeserve line up revealed
Homeserve has announced the line up of senior staff in its emergency services (HES) division.Homeserve has placed its most experienced staff in general manager roles. They will report to Dominic Shorrocks, chief operating officer of HES.Ian Shipley will be general manager for plumbing and drainage business, Alan Horton has been ...
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Backchat
Make sure your junk is safe
Abbey has gone all David Dickinson and told us to love our junk. According to research done by the home insurer, “the nation is hoarding £50m worth of inherited items and hand-me-downs that they don’t actually like”.An average person owns £9,466 of junk. So, in an age of Cash in ...
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News
Web news
RI3K simplifies pricingResponding to market criticisms over its pricing, electronic trading service RI3K is publishing a simplified pricing tariff. Carriers will now be able to select one from a menu of three options for using the service. Uncertainty about the cost of electronic trading has become a major talking point ...
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