Groupama TOBA
Groupama has confirmed that it will include a non-solicitation clause in its terms of business agreement (TOBA), to be released in the next few weeks. It will also allow its brokers to co-mingle insurer and client monies.
In the case of substantial scheme accounts, Groupama said its expects individual arrangements to be agreed with the intermediaries involved. In some instances a trust account may be required, it added.
(First published on 24 August www.insurancetimes.co.uk)
McManus successor
Royal & SunAlliance (R&SA) has appointed Mike Canniffe as director of its corporate division, with effect from 1 September. He joins from GE.
Helphire's £45m bid
Credit hire specialist Helphire has confirmed it has approached Albany Group shareholders with a £45m offer to buy the
company. Sources said the deal would see an 80% stake in Albany, currently owned by Gretna Football Club owner Brooks Mileson, transferred to Helphire.
Wellington chief
Wellington Underwriting has appointed Preben Prebensen as chief executive with effect from
20 September. Prebensen will succeed Julian Avery, whose retirement was announced earlier this year.
(First published on 23 August www.insurancetimes.co.uk)
Premium finance
Premium Credit and Acturis have developed an integrated premium finance solution on the Acturis broking system.
The system will allow brokers to place insurance and arrange premium finance without leaving the software provider's system.
(First published on 24 August www.insurancetimes.co.uk)
Claims culture
The Conservative Party will kill the compensation
culture. Shadow home
secretary David Davis said: "The claims culture is a problem and we will fix it."
As yet he has not made public his proposals to actually fix the problem.
