Latest News – Page 2008
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Backchat
Lloyd’s stars in old movies
ITN footage from Lloyd’s has been found after nearly 80 years in the archives. Films made between 1928 and 1961 have come to light and can now be seen on the Lloyd’s website. They include a reconstruction of the original coffee house owned by Edward Lloyd, showing what the world’s ...
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Backchat
Walking the plank risk
Attendees at the world’s tenth plank-walking world championships in Sheppey, Kent, were befuddled when its insurers insisted that participants be informed that there was a risk they “may get wet”.Of equal (but potentially more harmful) incredulity was the rule of the competition stating that contestants be “able to swim”. “It’s ...
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News
Web news…
Online caravan quotesInsuremycaravan.co.uk has added two new insurers to its panel giving caravan owners access to an online ‘quote and buy’ service. The addition of Fortis and Equity Red Star to the panel allows caravan owners to compare prices from a wide choice of top name insurers.First published 13 August ...
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News
NU seeks commission cuts as profits slump
New chief executive wants cost of distribution at ‘a better level’
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News
Rate your commercial insurers and earn £5 for Cancer Research UK
Insurance Times is conducting a short study of how front-line, commercial insurance broking staff rate the overall service provided by the commercial insurers they deal with. Our brief online study questionnaire at www.insurancetimes.co.uk/RoomforImprovement contains just 12 key questions, half of which are optional opportunities for comment. Completing it should take ...
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News
Oval makes 20th acquisition
Broker Oval has made its twentieth acquisition, increasing its presence in the Midlands still further.It has purchased Martin and Pethard and its associated company, Premier.Martin and Pethard is the longest established broker in Redditch with a range of clients across various industries.Premier is a specialist broker dealing with the provision ...
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News
Beaumonts launches broker investment drive
Beaumonts Insurance Brokers is offering financial support to start-up brokers, after backing its first company, VCB Insurance. Yorkshire-based Beaumonts has bought shares in VCB and is providing accommodation for the company in its own offices.Martin Sykes, managing director of Beaumonts, said he welcomed other brokers wanting to break away from ...
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Comments/Letters
When a title can be costly
Caroline Muspratt says the way in which a job is described can confuse online insurance users
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Comments/Letters
Feedback
Commission disclosureI was extremely surprised and alarmed that the trade association should be arguing for full commission disclosure on the retail side and the argument used was that the playing field is not level.How is the playing field going to be level with the direct writers, etc, when ...
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Comments/Letters
How to create an invitation to browse
Andrew Areoff says the design of a website is vital to the image of your business
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FeaturesA driving force
When the integration of Equity Group’s business into IAG, chief executive Neil Utley is looking to make £20m in cost savings, but still looking for more acquisitions. Michael Faulkner reports
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News
Fortis builds IT claims system
Fortis is in the midst of building an electronic system that can be used to immediately settle some travel insurance claims.The technology, built by the insurer’s IT team and costing approximately £600,000, received board approval last year and will be up and running by early next year, said John ...
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News
Lib Dems slam weak fines for uninsured drivers
The government came under fire this week after fines handed out to uninsured drivers fell by a quarter over a decade. Liberal Democrat MPs claimed there was no incentive for drivers to take out insurance with fines being cheaper than buying cover. Official figures obtained by the Liberal Democrats show ...
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Ntegrity opens in Bristol with £10m brokerage aim
Start-up broker to focus on professional indemnity and plans London and North offices
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News
Quinn-direct lifts profits 8%
Irish insurer Quinn-direct made a pre-tax profit of £90m in the six-months to the end of June 2007, an increase of 8% over the first half of 2006. Written premium increased by 25% to £327m over the same period, including £10m from Quinn-healthcare, a new health insurance business.Underwriting margins ...
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News
Flooding forces AXA to raise property rates
AXA Insurance chief executive Peter Hubbard said AXA would be increasing property rates following the flooding, with rises of as much as 10%. He said: “Rates have been going backwards while claims inflation has been increasing. This needs to be addressed. AXA will be putting up household and commercial property ...
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Online only
UK meat and by-products may face rejection
Confirm worldwide orders before shipping meat, advises Aon
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Online only
Beazley CEO to reduce involvement in company
Beazley Group CEO is to have a reduced day-to-day involvement in the business for medical reasons
