Latest News – Page 2036
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Comments/Letters
The educational calamity
John Jackson says the poor educational standards of school leavers is worrying for our industry
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News
PPI refund agreement fuels mis-selling warning
The FSA's move to improve the fairness of refund terms in payment protection insurance (PPI) policies may lead to a rise in mis-selling claims, a leading law firm has warned.The regulator announced this week that the PPI industry had agreed to a series of measures relating to 'nil refund' clauses ...
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News
ABI slams DfT over minister's novice driver claims
The ABI has slammed the Department of Transport (DfT) after the minister for transport, Stephen Lady-man, conceded that its policy on newly qualified drivers is failing.Speaking at the transport select committee, Ladyman admitted that the DfT has no record of how many un-insured drivers are on the road.He said that ...
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News
Footman James directors lose jobs after takeover
Two directors at Footman James will be made redundant following the broker's acquisition by Aon. The shake-up could see up to six other staff also face redundancy, the broker confirmed. Commercial director Mark Crawford and IT director David Bird are to be made redundant, according to the company, which was ...
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AXA buys Smart & Cook
AXA is understood to have bought Smart & Cook in a deal thought to be worth £170m. Although neither company would comment, market sources said senior staff at the Harrogate-based broker had been told of the sale. Other senior insurance executives also said that the deal had been agreed.The purchase, ...
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News
Sims departure fuels Chubb speculation
John Sims has resigned as European personal lines manager of Chubb Insurance, after 10 years at the insurer.The news follows speculation that the insurer is to overhaul its personal lines division in the face of a soft market. Speaking to Insurance Times, Sims played down the restructure: "We only had ...
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Insurance fraud seen as a serious crime by the public
But one in ten still likely to commit it…
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Biba launches crisis control scheme
Biba, in partnership with ISS Damage Control, has launched…
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Aon Re launches facultative group
Aon Re announces creation of new facultative reinsurance group...
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Ecclesiastical relocates Birmingham office
Ecclesiastical’s Birmingham underwriting office moves to more central location…
