25-year flood strategy
The ABI has called on the government to develop a 25-year strategy to manage Britain’s growing flood risk, to include an investment programme and stronger planning controls. Its report, Summer Floods 2007: Learning the Lessons, also called for improved national leadership and coordination with national targets for reducing flood risk. It said a single national body should be responsible for flood management strategy.
NU skills academy stake
Norwich Union (NU) is to double its investment in the East of England Skills Academy for Financial Services to £200,000 over the next five years. Speaking at the official launch of the Academy, Andrew Moss, chief executive of Aviva, Norwich Union's parent company, said: “Our financial commitment to the East of England Academy gives us an opportunity to influence the development of skills and qualifications that will be directly of benefit to us, to students and to other businesses.”
Talbot capacity unchanged
Talbot has announced that the capacity of its Syndicate 1183 at Lloyd’s will remain unchanged at £325m for the 2008 year of account. All capital in 2008 is being provided by, or on behalf of, Validus group companies.
Biba renews Lorega deal
Biba has announced the renewal of its loss recovery insurance scheme contract with claims service advocate Lorega for another three years. Lorega said it had enhanced the loss recovery insurance product by introducing a simplified and lower-cost rating system.