Latest News – Page 1920
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News
Aon compliance probe
Aon Corporation has begun an internal investigation into its compliance with anti-bribery laws. The global broker said in a regulatory filing that it had appointed an external law firm to investigate its compliance with certain US and non-US anti-bribery laws, including the US Foreign Corrupt Practices Act. This followed a ...
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News
Climate change satellite plan
The government is being urged to consider investing in a major European satellite initiative to address climate change that could provide groundbreaking benefits for the insurance industry.The Global Monitoring for Environment and Security (GMES) is a European initiative that could collect data from earth observation satellites and ground-based information to ...
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News
Summit ends in stalemate
A high-profile meeting between London insurers and government officials on market competition has ended in stalemate, with no progress made on the issue of taxation concessions.Lloyd’s chairman Lord Levene gave a presentation during the summit to members of the insurance market, the economic secretary to the Treasury Kitty Ussher, Treasury ...
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Comments/Letters
Plaques confusion
Your article, “MPs in last ditch attempt to force U-turn on plaques” (News, 8 November), misrepresents my comments. I did not suggest any lack of understanding by ministers on pleural plaques. Quite the reverse: it is because ministers do appreciate that pleural plaques are not a disease and do ...
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News Analysis
Where now for Levene’s reforms?
Last week’s insurance summit on market reform was pre-empted by a government leak suggesting that tax cuts were off the agenda. Where does this leave Lord Levene and his modernisation plans? James Dean reports
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Supplements
Top 50 UK Insurers 2007 - Listing 1-10
1. LLOYDSAddress: 1 Lime Street, London, EC3M 7HAt: 020 7327 1000f: 020 7626 2389w: www.lloyds.com e: helpdesk@lloyds.comChief officer: Richard Ward, chief executive officerYear established: 1688Number of UK offices: 2Number of UK employees: Approximately 650Main lines of business: Main lines of business: Casualty (22%), property (22%), reinsurance (34%), motor (6%), marine ...
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Supplements
Riding out a year of storms
Nigel Bond looks at how claims from high winter winds and mid-summer floods are expected to dampen insurers' results
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SupplementsFirst moves to winning in the hard market
QBE chiefs break their customary silence to tell Ellen Bennett about their restructuring and rebranding plans for the Australian insurer
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Supplements
It's becoming a risky business
Heard the one about the mortuary worker who sued his employer because he suddenly developed a fear of death? Or the postman who sued a lecturer for posting too many letters? Sarah Kennedy reports on the new claims insurers are having to consider
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Supplements
After the deluge
Insurers are getting tough on flood risks, as the government appears to be failing to take the lead in providing solutions. Sarah Kennedy reports
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Supplements
Listings 11-20
11. ALLIANZ57 Ladymead, Guildford, Surrey GU1 1DBTel: 01483 568161Fax: 01483 578404Website: www.allianz.co.ukChief officer: Andrew Torrance, chief executiveNumber of UK offices: 23 Number of UK employees: 4,000 Major shareholder: Allianz SE Main lines of business: Commercial lines; personal lines; and speciality business.Subsidiaries: Threepillars; Pet Plan; Trafalgar Insurance; British Reserve; PremierlineCompany history: ...
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Supplements
On top of the world
Will further globalisation and the appeal of domiciles like Bermuda topple Lloyd's from its perch? Anita Anandarajah reports
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Supplements
Routes to the marketplace
The changing nature of distribution has created opportunities for insurers to find alternative ways to develop the customer relationship. John Hancock reports
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Comments/Letters
The story’s not over for pleural plaques
Ian Macalister says the Rothwell ruling should end further litigation, but it won’t
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Comments/Letters
Our future is in their hands
Lord Hunt says the success of the CII’s careers fair gives us hope our industry can be seen in a better light
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Comments/Letters
Mutual deals
I was interested to read the article, “Insurers counter lure of authorities’ mutuals” (News, 1 November)), which correctly highlighted the growing threat of mutuals to the traditional insurance market’s dominance of the local authority sector. Clearly the likes of Zurich, St Paul and AIG have become so concerned ...
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Features
Facing the final countdown
With just 14 months to go, firms are still failing to treat their customers fairly, and the FSA is ready to get tough. Anita Anandarajah reports
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NewsI’m backing independents says NU’s new chief
Igal Mayer was three weeks into his post as the new chief executive of the UK’s leading insurer, Norwich Union (NU), when the summer floods wiped out half the company’s profits for the first six months of the year. “It wasn’t a case of oh s***—half your profits have gone,” ...
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News
Web news
Equity buys NI brokerEquity Insurance Brokers acquired County Antrim broker Diamond Insurance. The purchase increases Equity's presence in Northern Ireland to 19 branches, further strengthening its position as the largest retail broking operation in the province. First published 7 NovemberABC appoints broker headABC Insurance, part of the LV= Group, appointed ...
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News
Broker Network chief predicts takeover interest
Broker Network chief executive Grant Ellis has said that the company is likely to receive further approaches in the coming months.Ellis, who was speaking at the company’s third national conference in Cambridge, warned that prospective suitors would have to pay a considerable sum for the business, which recently completed its ...
