ABI funds head
The ABI has appointed Keith Jones, chief executive of Morley Fund Management, as the new chairman of its investment committee.
ABI funds head The ABI has appointed Keith Jones, chief executive of Morley Fund Management, as the new chairman of its investment committee.Jones succeeds Sandy Crombie who held the role since 2002.Keith Satchell, chief executive of Friends Provident, has been appointed chairman of the ABI financial regulation and taxation committee.
GAB China licenceThe China Insurance Regulatory Commission has licensed its first international loss adjusting company, GAB Robins, to provide a range of services to the Chinese insurance industry.
London expensiveBusiness opportunities may have been turned away from the London market because inefficient accounting and settlement processes make it too expensive to service, members of the International Underwriting Association were told.Aon operations director Bill Oram said reform of outdated practices would boost business and allow brokers to bring in more overseas risks.
Travelers mergerShareholders at both Travelers Property Casualty and The St Paul Companies have voted in support of the proposed merger between the two firms.
Wood uses CDLWood Insurance has installed CDL Classic to transfer data relating to its specialist taxi scheme, which is backed by Norwich Union. Wood had previously used a Misys system to transfer the data.
Health pay-out riskCompanies looking to save money by cutting health insurance payments risk huge payouts to stressed employees, delegates at a Jelf sponsored seminar on managing workplace health heard. Representatives from over 30 companies were warned of a litigation 'time-bomb' unless employers radically changed their approach to health issues.