Latest News – Page 1919
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Preferential appoints online marketing manager
Travel insurance specialist hires Caroline Snedker
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Open GI supports Academy acquisition trail
Broker looking to make further acquisitions across the South East, Central South and M4 corridor
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Two general managers leaving Allianz
Company has combined its personal and specialty lines divisions
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Homeserve in management restructure
Job cuts ruled out as company centralises support services
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FSA abandons plans for wholesale compensation pool
Regulator says new compensation scheme will operate from 1 April 2008
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ABI calls on government to tackle foreign driver crashes
Cross-border driving leads to more collisions, says report
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Record number of uninsured vehicles seized
Police net 100,000 uninsured vehicles this year
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Primary boss Davey poised to quit firm
PBSH chief executive currently “considering other opportunities”
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ABI calls for Environment Agency to get more teeth
14 major developments go ahead on flood plains against Environment Agency advice
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Capita to continue role in legal expenses market
Revised model planned after collapse of sale talk with Towergate
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Backchat
Yellow fever takes hold
In a recent head-scratching move, an insurer has called for fire engines to be painted yellow citing research that red is difficult to see at night.You would think the flashing lights and screaming sirens would be enough to help make their presence known.Yesinsurance.co.uk said research shows yellow is the safest ...
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GAB eyes £3m profit but seeks small tenders
GAB Robins chief executive Kieran Rigby said the company was looking to target smaller claims business, as he predicted profits would reach £3m in 2007.Rigby said the loss adjuster wanted to remain on the panels of the top insurers, but was looking to grow its business and believed success might ...
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Fantasy Football
Dave Deugo is the QBE Fantasy Football manager of the month for October, after his team, SelhurstParkFlyer, clocked up an impressive 78 points.Sutton-based Deugo, who works for Zurich Corporate Real Estates, collected a prize of £2,500 for his achievement, claiming: “I started off with a strong defence, and then I ...
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Insurer’s acronym is music to our ears
The insurance industry loves an acronym (IBNR anyone?) and one recently caught Backchat’s beady eye.Bermuda reinsurer Montpelier purchased US excess and surplus lines insurer, renaming it, somewhat unoriginally, as Montpelier US Insurance Company. The acronym, however, was more pleasing, being Music.
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Lloyd’s report urges brokers to target China
Lloyd’s has urged brokers to target the expanding Chinese non-life market.In a report this week, Lloyd’s said that increasing the size of the broker market was necessary to raise general risk awareness in the country.Currently, only 1% of China’s GDP is spent on insurance products – but the non-life market ...
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Norwich Union to woo mid-market brokers
Norwich Union (NU) is looking to woo mid-market brokers with extra comm-issions and other support.The insurer is launching a support package for medium-sized brokers and is aiming to sign up 300 brokers to the package by the end of 2008.NU is targeting brokers that produce between £800,000 and £5m of ...
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Building explosion predicted
Business planning is a difficult thing, but if you get it right, the cash and the plaudits will roll in. Step forward EPG insurance, which specialises in heavy plant extended warranties.In a press release on 6 November the company said: “EPG predicts a surge in demand for its specialist cover ...
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AMG shake-up moves group MD
AMG group managing director Kevin Wood has been appointed chief operating officer in a management shake-up at the loss adjuster. And former Euler Hermes boss Richard Webster has been appointed chief executive. The company said the changes were designed to provide a platform from which the newly-enlarged group could grow. ...
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News in brief
Venture Preference acquiresAXA-owned Venture Preference acquired three brokers adding £25m to its gross written prem-ium. Leatherhead-based Castle-bank, controlling £8m in GWP and Kendal-based Talbot which has £10m GWP have been acquired by Smart & Cook. Property specialist Neville Insurance Consultants, which controls £7m GWP, has been bought by Stuart Alexander. ...
